J-Power looking to buy South African coal long-term to expand supply base
A senior companyofficial of Japans J-Power said the firm is seeking to buy long-term coalsupplies from South Africa to diversify its supply base. Analysts believe themain reason is that emerging Chinese and Indian demand could threaten theirsupplies. The firm has already bought two spot shipments from South Africa, in2009 and 2010. The official played down the possibility of the company losing asubstantial share of its coal supplies to China and India, saying he believedmost producers still prefer to sign the bulk of their term supplies with Japanbecause of the demand certainty.
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