India set to overtake China as biggest thermal coal importer
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
INDIA is set to overtake China as the biggest importer of power-station coal, emerging as the leader of a clutch of regional nations that miners including Glencore plc and BHP Billiton can tap for new orders.
Indian thermal coal imports will surpass China's by 2017 or sooner, Bloomberg Intelligence analysts William Foiles and Andrew Cosgrove said in a report. China, the world's biggest energy consumer, is cutting down on coal use to fight pollution. India and its regional peers including Indonesia, Vietnam, Japan and South Korea plan to increase their coal-fired generating capacity by more than 204 gigawatts, or 60 per cent, through 2019, it says.
Share with us your feedback on BT's products and services
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
