Uncertainty ahead? Coal importers keep close watch on events abroad

Experts believe the unrest in Mozambique and elections in Australia and Indonesia could have a negative impact on Indian companies

India’s metal and power producers could be up for uncertain times. Between now and 2019, the raw material sourcing teams for these companies will keep a close eye on the changing geopolitical picture of at least three countries — Indonesia, Australia and Mozambique. The first two prepare for elections and one is facing unrest.

According to export-import data, between April and June (first quarter of 2018-19), close to 3.5 per cent of steam coal import and 4.3 per cent of coking coal import was from Mozambique. “Companies like Rio Tinto and Coal India went to Mozambique looking for potential supply of