European, Asian coal users scramble for new sources ahead of EU Russia ban

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Reuters UK

By Nelson Banya HARARE (Reuters) -European and Asian coal importers are expected to join the scramble for alternative sources of the fuel as a European Union ban imports on Russian coal looms, analysts and company officials said. But with top exporters Australia and Indonesia having already hit production limits and major producer South Africa constrained by logistical problems, some importers may struggle to maintain supply levels, and the rush is expected to keep global coal prices elevated. The EU ban is expected to take effect from mid-August, a month later than initially planned, accordin…

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