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India in talks with Mongolia and Russia for Importing Coking Coal

Coal News - Published on Thu, 16 Jan 2020

Image Source: reutersmedia.net
India’s Union Minister Dharmendra Pradhan has said India is in talks with Mongolia and Russia for importing coking coal to reduce dependence on few countries for supplies. The Minister said the Centre is looking to import coking coal at a reasonable price as the country has set a target to produce 300 million tonne of the metal by 2030-31. He said "India has been importing coal from Australia, which is good, but high-quality coking coal is also available in Mongolia. We are looking to bring that coal at a reasonable price. We are in talks with the Mongolian Government. We have also initiated talks on behalf of the Indian Government with the Russian authorities and signed a memorandum of understanding for cooperation for undertaking coking coal ventures.”

Around 85 per cent of the India's coking coal demand is met through imports.

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Posted By : Rabi Wangkhem on Thu, 16 Jan 2020
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