Monday, June 25, 2007

Japan utilities buy South Africa coal - shipping executive

(Reuters) - A Japanese power generating firm has bought at least one cargo of South African coal for July shipment as it worried over low inventories due to shipment delays from Australia, a shipping executive said on Monday.

The executive, who declined to be named, said the company was sending a vessel to South Africa to fetch coal, while dispatching another ship to Newcastle in Australia. He gave no further details.


Read more at Reuters Africa

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