European and Asian coal importers are expected to join the scramble for alternative sources of the fuel as a European Union ban on Russian coal imports 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 .
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.
(Bloomberg) Europe is taking a big gamble as it moves to ban Russian coal, potentially leaving itself vulnerable to shortages and rolling blackouts while the rest of the world contends with surging prices.
Russia is Europe’s top supplier of thermal coal, used to fuel power stations.