Indian Government plans to sell 10% stake in the companies are not registered and listed coal mining company. Even shares of the largest coal mining company of India, Coal India (CIL) ready for action packed FY 10-11, other than the IPO. Coal India (small) joint ventures seeking to obtain $ 1.5 billion investment.
Analysts estimate the price of coking coal will rise to reach levels of $ 200 per ton in 2011. Indications of coking coal price increase is marked by increased demand for coal imports by China. Coking coal prices in the spot market have reached $ 175 per ton, compared to the price of coking coal in August of about $ 145 per ton. Industrial sector the most widely used coking coal is the steel-making industry.
Analysts energy and mining sector predicts an increase in the use of coal as an energy source. Increased use of coal will rise by 2025 to 5%. Increased demand for coal in the dominance of the two countries with the largest industrial sector growth of China and India.
