India FY11 coal imports may fall on high global prices
Investing News Network - January 20th, 2011
Reuters.com reports that Indian forecasts for coal imports have dropped, due to flooding in Australia.
Reuters.com reports that Indian forecasts for coal imports have dropped, due to flooding in Australia.
The story is quoted as saying:
The floods in Australia, and cold weather in South Africa have led to a sharp increase in coal prices globally…this may impact coal imports,” Sriprakash Jaiswal told reporters on Thursday, without elaborating on the likely decline.