India in talks with Canadian firm to buy coking coal

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 with Vancouver-based Teck over long-term, formula-based