Australia courts India in hunt for reliable coal buyer

Resources minister to discuss development in visit to South Asian nation

20190826N Aussie coal

Australia is looking to export more coal to power-hungry India. (Photo by Fumi Matsumoto)

FUMI MATSUMOTO, Nikkei staff writer

SYDNEY -- Australia is working to develop India into a key market for its coal amid tensions with China and cooling demand among industrialized nations, sending a resources minister to the South Asian country to discuss mine investment plans.

"India is Australia's fourth-largest export market," Minister for Resources and Northern Australia Matt Canavan said prior to his visit that began Monday. "There is enormous potential for Australia to grow its resource exports to India, particularly thermal coal," he said.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.