India to Stop Coal Imports

In a landmark announcement that has caught the global coal industry totally by surprise, India’s Energy Minister, Piyush Goyal has announced an ambitious target that could see India cease thermal coal imports within two to three years.

Far from being the saviour of the world’s billion tonnes per annum (tpa) seaborne thermal coal industry, India could follow China, America, Japan and the EU by putting in place a series of strategies that limit the Sub-Continent’s reliance on imported fossil fuels.

http://reneweconomy.com.au/2014/indias-plan-stop-importing-coal-deals-another-blow-australia-68894