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Economy

Australia courts India in hunt for reliable coal buyer

Resources minister to discuss development in visit to South Asian nation

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

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.

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