After two years of decline and despite growing pressure from environmentalists, coal consumption is expanding, driven by “strong” fuel burning in China and India, the latest report from the International Energy Agency (IEA) shows.
According to the Paris-based body, coal consumption will rise by an average of 0.2 percent a year from 5,355 million tonnes of coal equivalent (Mtce) in 2017 to 5,418 Mtce in 2023. This is because falling demand in western Europe and North America is likely to be offset by increased demand in a host of Asian countries, including China, India, Indonesia and Vietnam, the report reads.
Anglo Pacific Group PLC (LON:APF) is a global natural resources royalty company. The Company’s strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth mainly through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.