Monday, 11 Jul 2011
The Kolkata headquartered Visa Group is planning trading of thermal coal in China. The group's Singapore based trading arm of Visa Resources Pte has already opened a subsidiary in China in this regard.
An international trader of coal, iron ore, pig iron, alumina, bauxite and other such resources, Visa Resources is a prominent supplier of imported thermal and coking coal in India through its subsidiary Visa Comtrade.
According to Mr Siddharth Kasera GM of Visa Comtrade, the group is in active negotiation with Russian miners to source coal through the Eastern Russian port of Vanino and sell the same in Chinese market. A part of the consignment is also expected to be imported to India.
China is already is a major importer of Russian coal which is reportedly similar to the low ash, high calorific value South African coal. The trade is expected to increase further in the coming years as major Russian miners such as Mechel are coming up with their own sea port terminals on the Eastern coast. (sourced from BL)
The Kolkata headquartered Visa Group is planning trading of thermal coal in China. The group's Singapore based trading arm of Visa Resources Pte has already opened a subsidiary in China in this regard.
An international trader of coal, iron ore, pig iron, alumina, bauxite and other such resources, Visa Resources is a prominent supplier of imported thermal and coking coal in India through its subsidiary Visa Comtrade.
According to Mr Siddharth Kasera GM of Visa Comtrade, the group is in active negotiation with Russian miners to source coal through the Eastern Russian port of Vanino and sell the same in Chinese market. A part of the consignment is also expected to be imported to India.
China is already is a major importer of Russian coal which is reportedly similar to the low ash, high calorific value South African coal. The trade is expected to increase further in the coming years as major Russian miners such as Mechel are coming up with their own sea port terminals on the Eastern coast. (sourced from BL)
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