Coal news and updates

BHP expects Indian steelmaking boom to drive its coal business, Financial Times reports

A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration

July 31 (Reuters) - BHP Group (BHP.AX) expects the rampant expansion of India's steel industry to boost its coal business significantly, Chief Commercial Officer Vandita Pant told the Financial Times on Monday.

Around 40% of BHP's metallurgical coal, used by steel mills and known as coking coal, is now heading to India, she said.

(This story has been corrected to fix Vandita Pant's designation to group CCO from India CCO in paragraph 1)

Reporting by Urvi Dugar in Bengaluru; Editing by Christian Schmollinger