India Seeks Mongolian Coal Acquisition

Mineweb reported that India is looking to secure coal supply through acquiring a coal asset in Mongolia.

As quoted in the market news:

Acquisition of the mine would be the first attempt by India to cut away from its dependence on Australian coking coal. India is Australia’s second biggest market after China, exporting about 32 million tonnes last year.

Click here to read the full Mineweb report.