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India to become largest coking coal importer by 2022’

India is expected to become the largest coking coal importer through sea route by 2022 as the country pushes for more steel production, a Tata Steel official said on Tuesday. India currently imports about 85% of its coking coal demand through imports and, by 2022, the demand of coking coal is projected to grow to 67 million tonne from about 56 million tonne now. “India may become the largest coking coal importer by 2022 through sea route,” Tata Steel raw material strategy group chief Somesh Biswas said in his address at the mJunction organised 12th India coal market conference.

 

Anglo Pacific Group PLC (LON:APF) is a global natural resources royalty company. The Company’s strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth mainly through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.

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