India Negotiates with Mongolia for Coking Coal Imports, Seeks to Diversify Supply

India's Steel Secretary has confirmed that India is in active negotiations with terms for importing coking coal from Mongolia as part of its efforts to diversify the supply and not be over-reliant on the usual suppliers. This comes after recent news of India close to sealing a preliminary agreement with Mongolia in the geology and exploration space.

 

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This project falls in line with India's larger plan to strengthen its mineral security and minimize costs in steel making. The talks are still being conducted, and both nations are in the process of agreeing on supply channels and terms.

 

Sources: As reported by Reuters and Economic Times, March 12, 2025, on the basis of India's Steel Secretary.