Minerals Trading business crosses 1 million MT of traded coal for third successive quarter
March 16, 2015
Tata International’s Minerals Trading business continues its positive run as it crosses the milestone of one million metric tonnes of traded coal for the third successive quarter in FY 2014-15 (October-December 2014). Well-poised to cross a milestone 4 million tonnes of the commodity in the current financial year, the business has registered healthy growth in business volumes and operating performance over the previous year.
The Minerals Trading business is engaged in international physical trading for raw material commodities, currently focused on bulk trade of thermal coal to India and China, sourced mainly from Indonesia, South Africa and Australia. In addition, the business is also engaged in trading of ores, base metals and ferro-alloys.