Indian Coal Imports Rise as Mine Capacity Stagnates

Reuters reported that India’s 2013 April to October coal imports increased 20 percent, to 105.8 million tonnes. That’s largely because “[r]egulatory and bureaucratic delays” in expanding existing mines and building new ones have forced the country to import the fuel.

As quoted in the market news:

The need for reform of the coal mining sector means India is expected to remain a big importer, with Coal India estimating a shortage of 350 million tonnes for 2016-17.

Indonesia could be the biggest beneficiary. It already accounts for more than 50 percent of India’s coal imports, ahead of Australia and South Africa.

Click here to read the full Reuters report.