Coal Demand in India to Grow at a CAGR of 7.58% in the Next Two Years

Research and Markets has announced the addition of the “Indian Coal Industry” report to their offering. India is the third-largest producer and consumer of coal in the world. With proven reserves of 257.38 billion (Bn) tonnes, coal is one of the most abundant sources of energy in the country. In 2007, coal accounted for 51 percent of the primary energy consumed in the country. The coal... 

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Indonesia denies reports of possible coal export quotas

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India. The reports were baseless and the new mining law likely to be passed by Parliament by June would in fact provide more certainty for mining companies, said Simon Sembiring,... 

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India coal must allow foreign equity – MMTC Chairman

India’s coal mining sector must eventually open up to allow foreign companies to own equity stakes if much-needed domestic production is to rise as fast as possible, state-run MMTC Chairman Sanjiv Bhatra told Reuters on Monday. “For India as a whole there is no alternative but to open up to foreign investments through privatisation,” he said. The gap between India’s coal demand... 

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Indian coal buyers struggle to find South Africa partners

Indian industrial users are keen to invest in South Africa’s coal mining sector but say they have been frustrated by the struggle to find suitable partners. India imported just over three million tonnes of coal from South Africa in 2006 and is likely to take double that if it is available this year, Indian buyers attending an industry conference said. Speaking on condition of anonymity, a number... 

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