Coal Market News Directory

India May Open Commercial Coal Mining to Foreign Companies

In a bid to tackle the India's coal supply shortage - which happens despite the country sitting on the world's fifth largest coal reserves - Prime Minister Narendra Modi is considering opening up commercial coal mining to foreign companies, according to Reuters. Companies like Rio Tinto (NYSE:RIO) would be allowed to operate in India if they set up units in the country.

US to Close Loophole That Helps Coal Export Profits

The US government is planning to tighten up rules surrounding coal exports since the discovery of a loophole that has allowed companies to boost profits, according to Reuters.

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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.