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Global coal demand picking up on cooling economic crisis

Posted on 03 February 2012

The global Coal industry, which experienced a prolonged spell of bleakness in 2008-09 due to the worldwide economic crisis is now finally looking up and providing a better outlook, according to New Report by Global Industry Analysts, Inc.
According to the report, the global coal consumption is likely to reach 5,168 million tons of oil equivalent (MTOE) by 2015 as the demand is picking up on the back of huge appetite for thermal and metallurgical coal from emerging nations such as China and India, as well as resurgent demand from developed countries in the aftermath of the Japanese nuclear incident………………………………………..Full Article: Source


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