Minerals business crosses 1 million MT milestone in Q2
October 30, 2014
Tata International’s Minerals business has crossed the milestone of one million metric tonnes of traded coal for the second successive quarter of FY 2014-15. Minerals trading is one of the core businesses of Tata International. The business is currently focused on coal supplied to customers in India and China, sourced from Indonesia and South Africa.
The business continues to register healthy growth in volumes based on the inroads made with customers in India and strengthened sourcing arrangements. Key clients for this business are in the power, cement, steel and sponge iron sectors.
The business also operates trading desks for ores, including iron and manganese, ferroalloys and base metals.