South Africa Increases Coal Exports to India by 74%
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South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according to a trader.
Purchases rose to 2.1 million metric tons, according to a note yesterday by mjunction Services Ltd., a web-based trader backed by India’s biggest steel producers. Purchases climbed 52 percent from a year earlier. Imports in the first seven months rose 14 percent to 11.63 million tons.