News Brief | September 2016
Global coal prices surge 20percent as China, Indonesia reduce output
Global coal prices are on the rise again after remaining subdued for several months. Since June end, coal prices have risen almost 20 per cent, or about $10 per tonne on an average. Analysts attributed the rise in prices to reduced supplies from Indonesia and cut in production at Chinese mines. The development would help Coal India push its excess coal to companies that have been importing them so far, as the price difference between domestic and imported coal has widened. China has decided to reduce its annual coal production to 3.6 billion tonnes from 4 billion, an industry analyst said.
Contact: Ministry of Coal