Kolkata, India — MININGREVIEW.COM — 05 January 2012 – India’s imports of coal from South Africa fell 24% in the first 11 months of 2011, while China almost doubled its purchases, according to India’s largest e-Commerce company Mjunction Services Limited.
India bought 14.39Mt of the fuel from South Africa up to the end of November 2011, well down from 18.96Mt in the same period a year earlier, India Coal Market Watch, a unit of Mjunction, revealed in an e-mail here. Purchases in November fell 21% from the previous year to 1.29Mt.
South Africa’s shipments to China, the world’s biggest coal consumer, rose 88% to 12.26Mt in the first 11 months of 2011, India Coal said in the note. November sales increased more than threefold to 2.84Mt.
India’s imports accounted for 25% of the 57.4Mt from South Africa through November last year, according to Bloomberg calculations based on data from Mjunction and the Richards Bay Coal Terminal website. China accounted for 21% of the shipments.
Prices at Richards Bay fell to US$105.74/t as of 30 December, from US$105.95/t a week earlier, according to data from U.K.-based researcher IHS McCloskey.
Kolkata, India-based Mjunction is a joint venture between Tata Steel Limited and the Steel Authority of India Limited.