You are here: Home » Markets » News
Business Standard

India in talks with Canadian firm to buy coking coal

After a cyclonic disruption in Australia cut supplies earlier this year

Neha Dasgupta | Reuters  |  New Delhi 

The government is in talks with Canada’s Teck Resources, the largest North American producer of coking coal used to make steel, for long-term purchase agreements after a cyclonic disruption in Australia cut supplies earlier this year. India has joined top buyers China and Japan to scour new markets after a powerful cyclone hit Australia that knocked out rail lines carrying coking coal to ports for export, causing a surge in prices. Steel Minister Chaudhary Birender Singh will be in Canada on Sunday along with executives of Steel Authority of India Ltd (SAIL) for talks ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sun, July 09 2017. 00:35 IST
RECOMMENDED FOR YOU