May 30, 2011 |The Economic Times
India will surpass Japan to become the leading buyer of Indonesian coal this year, taking as much as 60 million tonnes to help meet feed India's burgeoning power demand, the Indonesian Coal Mining Association said on May 30.
India will import 5 million tonnes more coal from Indonesia in 2011 compared to last year, with the total number set to jump to 90 million tonnes by 2013, Bob Kamandanu, chairman of the association told Reuters.
India has been able to access such large amounts of Indonesian coal through long-lasting relationships with existing Indonesian producers, which are ramping up output, Kamandanu added
Most Indonesian coal is mined in East Kalimantan, Central Kalimantan, South Kalimantan and South Sumatra.
Although Indonesia's coal is largely sub-bituminous material with a lower heating value compared with standard Australian grades, Chinese and Indian utilities have been snapping up more and more of its exports to help sate booming domestic demand.
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