South African exports of thermal coal reached highs for 2017 at 7.03 million mt in May, posting increases both on the month and the year as flows into key consumer India hit an 11-month high, the most recent customs data
India’s largest steelmaker SAIL looking to South Africa for coal
India’s largest steelmaker SAIL is keen to cut down its dependence on Australian firm BHP Billiton for coking coal import and is readying a Plan B with countries like South Africa and Canada on mind. “SAIL is a buyer of
Effective tax rate (ETR) on mining in India higher than South Africa
A higher tax burden on the mining industry in India compared to other resource-rich countries is making mining an unviable activity and driving away investments from the sector. A huge gap has been found between the effective tax rate (ETR)
Anil Agarwal invests in Anglo American shares
Anil Agarwal’s £2bn investment in Anglo American shares, giving his trust – Volcan Investments – a 13% stake in the UK-listed firm, was an attempt to flush out rival bidders for Anglo’s assets or buy the South African assets identified