India Poised to Overtake China as Biggest Thermal Coal Importer
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India is set to overtake China as the biggest importer of power-station coal, emerging as the leader of a clutch of regional nations that miners including Glencore Plc and BHP Billiton Ltd. can tap for new orders.
Indian thermal-coal imports will surpass China’s by 2017 or sooner, Bloomberg Intelligence analysts William Foiles and Andrew Cosgrove said in a report. China, the world’s biggest energy consumer, is cutting down on coal use to fight pollution.