India’s coal imports decline by almost 30%

,

By Indoasian Commodities

The country’s coal imports registered a drop of 29.7 per cent to 48.84 million tonnes (MT) in the April-June period of the ongoing financial year, according to industry data.

India had imported 69.54 MT of coal in the April-June period of 2019-20, according to provisional compilation by mjunction, a B2B e-commerce joint venture between Tata Steel and SAIL that also publishes research reports on coal and steel verticals.

The drop in imports assumes significance in the wake of the government mandating state-owned Coal India Ltd (CIL) to replace at least 100 million tonne (MT) of imports with domestically-produced coal in 2020-21.

The country’s coal imports also dropped 22.5 per cent to 15.22 MT last month, against 19.64 MT of coal imported in June last fiscal, it said…Full Story

Related Posts

,

Anglo American, South32 walk away from thermal coal

By Vanessa Zhou | Australian Mining Anglo American is the second company to cut off its South African thermal coal assets following a similar move by South32 last week. Anglo American plans to demerge its thermal coal operations in South Africa and establish a new holding company called Thungela Resources to hold the assets. The […]

,

Coal snapshot: Mid-term outlook is positive

Gerard Peter | Mining Review Africa While there is a concerted effort by nations to reduce reliance on coal for both energy and production purposes, research analyst Fitch Ratings believes that the medium-term outlook for the commodity remains buoyant. There can be no doubt that the coronavirus pandemic has had an effect on global demand […]