Indian consortium reportedly mulls coal asset acquisition in Poland

A consortium led by India's state-owned Steel Authority of India Ltd (SAIL) is planning to buy coal assets in Poland, according to a Reuters report. Most steel producers in India, the world's third-largest coal importer, depend on overseas coal shipments.
 
As SteelOrbis previously reported, the Indian government said it would offer financial and non-financial support for state-owned steel companies to acquire coking coal assets overseas to establish raw material security by ensuring long-term supply sources.
 
India's third largest steelmaker JSW Steel acquired certain coking coal mining concessions in the US in 2010.  The mines are located in West Virginia with total resources of 123 million mt.