India to cut dependence on coal imports

New York

INDIA has some bad news for the world's struggling miners: It does not want foreign coal.

"I'm trying to find new reserves so I can remove my dependence on imports," the country's coal and power minister Piyush Goyal said in an interview last Friday at Bloomberg's headquarters in New York. Asked when India might stop importing the power plant fuel altogether, Mr Goyal said: "I wish it was yesterday. Maybe two or three years."