Kenyan Cement Makers May Raise Prices on Coal Costs, Daily Says

Kenyan cement manufacturers may increase prices as they brace themselves for reduced margins amid higher costs for coal, Business Daily reported, citing Shah Miti, the managing director of Mombasa Cement.

Coal prices have risen to a two-year high of $107 per metric ton, from $89 per ton in August, on growing demand from countries including China, the Nairobi-based newspaper said.

To contact the reporter on this story: Consolatah Lucas in Mombasa via the Johannesburg bureau at pmrichardson@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.

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