India Seeks Mongolian Coal Acquisition
Mineweb reported that India is looking to secure coal supply through acquiring a coal asset in Mongolia.
Mineweb reported that India is looking to secure coal supply through acquiring a coal asset in Mongolia.
Bloomberg reported that Hwange Colliery Ltd. (LSE:HWA) is shipping 60,000 tons of coal to India via Mozambique.
Reuters reported that the Indian government is considering a fund to help it buy overseas coal assets.
Bloomberg reported that India is struggling to complete purchases of overseas coal assets due to its own convoluted approval process.
Bloomberg reported that Coal India (BSE:533278) has been ordered to ensure coal supply to power utilities.
Reuters reported that Indian imports of thermal coal are not likely to rise even though the import tax has been cut.
Platts reported that thermal coal stocks in India were up as the country renews supply.
Bloomberg reported that Tata Power (BSE:500400) said it would invest in solar and wind projects before developing coal projects.
Reuters reported that Coal India (BSE:533278) said it would not commit to long-term supply deals before getting clarification on how the costs would be covered.
Reuters reported that India's government is pushing for long-term coal supply agreements to end power shortages.
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