Very important data point for the global thermal coal market this week. With one of the world’s largest importing nations saying that it may go the opposite direction — and start exporting supply.
That’s India — where Coal India Ltd, the world’s largest producer of thermal coal, dropped some unexpected news Tuesday. With officials saying they are looking at options to deal with increasing domestic supply across India.
This major revelation came in the form of a brief Twitter posting from India’s Coal Secretary Anil Swarup (Twitter being a noted form of government communication in this part of the world). With the Secretary saying simply that Coal India is “exploring avenues to export coal”. The full post is below.
RV Capital Co-Investor Letter for the fi