China burns almost as much coal as the rest of the world combined and is reliant on the fossil fuel for two-thirds of total energy consumption and 80% of its electricity generation.
...The first signs are already evident on Chinese markets with the Bohai-Rim coal index, a Chinese benchmark, rising nearly 1% to 482 yuan ($79) a tonne early, snapping an almost three-month losing streak according to Bloomberg.
A boost to the prospects for thermal coal could also come from India, where the country's highest court recently ruled that many of the 218 coal licenses issued to companies since 1993 were awarded illegally.
....In July India's government mooted plans to let state-run Coal India (NSE:COALINDIA), the world's largest producer of thermal coal, to increase imports and pool it with domestic supply after
it was reported that close to a half of the country's coal power plants only have enough stocks to last a week.
winter is coming, cleaner coal is needed. lets get the party started!
http://www.mining.com/china-coal-73395/
