Coal Market News Directory

India to Overtake China as Biggest Coal Importer

The Financial Times reported that there is a strong argument among many miners and traders to support the idea that India may soon be the world's largest importer of coal, bumping China from first place.

China Making Changes to Coal Resource Taxes

Reuters reported this week that China is planning to switch up its tax regime for coal. As of December 1st, the country will remove existing charges and replace those rules with a new resource tax.

Indian Coal Imports to Rise by US$3 Billion

In the wake of massive coal license cancellations in India, CoalGuru reported that India's import bill for coal will increase by INR 18,000 crore, or about US$3 billion. Domestic coal supplies will also take a hit, as will the confidence of investors in the Indian economy.

Polish Blockade Against Russian Coal May End

Though polish miners have been blocking a railway for trains carrying Russian coal across the border, RT News reported that the workers may end their blockade after reaching a deal with the government to better protect Poland's coal industry. Mining union leaders in Poland are calling for an embargo on Russian coal to protect domestic companies that are "losing hundreds of millions of euros."