India, Mongolia in talks for preliminary mining pact
The pact will focus on transit of minerals such as coal and copper, Reuters sources say.
Mining group South32 Ltd on Thursday said its second-quarter metallurgical coal output nearly doubled from the same period a year ago, boosted by strong production at its Illawarra project.
Production of coking or metallurgical coal, which is a key steel-making ingredient, rose to about 1.6 million tonnes in the December quarter from 788,000 tonnes a year earlier. The figure was substantially higher than a Citi estimate of 804,000 tonnes.
(Reporting by Ambar Warrick and Rashmi Ashok in Bengaluru)
