{"id":1158561,"date":"2020-01-07T16:02:21","date_gmt":"2020-01-07T22:02:21","guid":{"rendered":"https:\/\/www.mining.com\/?p=1010657"},"modified":"2020-01-07T16:02:21","modified_gmt":"2020-01-07T22:02:21","slug":"bhp-looks-to-india-for-coal-growth-as-china-demand-declines","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1158561","title":{"rendered":"BHP looks to India for coal growth as China demand declines"},"content":{"rendered":"<p>The world\u2019s biggest miner, BHP (LON: BHP)\u00a0is looking to\u00a0India\u2019s fast- growing economy and its accelerating steelmaking output\u00a0as a way to\u00a0help offset the declining Chinese coal demand in the new decade, the\u00a0<a href=\"https:\/\/www.smh.com.au\/business\/companies\/bhp-eyes-india-for-coal-growth-as-china-demand-flatlines-20191230-p53nna.html\"  rel=\"noreferrer noopener\" aria-label=\"Syndey\u00a0Morning\u00a0Herald reported.\u00a0\u00a0 (opens in a new tab)\">Syndey\u00a0Morning\u00a0Herald reported.\u00a0\u00a0<\/a><\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>China&#8217;s consumption of iron ore and coal\u00a0\u2013 key steelmaking ingredients and Australia&#8217;s two top exports \u2013 led to a windfall in 2019 for the world\u2019s top miners, and added a boost to the\u00a0Australian\u00a0 government&#8217;s\u00a0federal budget.\u00a0\u00a0<\/p>\n<p>But Chinese demand is projected to ease in the face of lower margins, weakening &nbsp;global growth and the ongoing US-China trade war.&nbsp;<\/p>\n<p>BHP projects Indian steelmaking is on course to grow by 7% per year over the next decade.\u00a0<\/p>\n<p>India\u2019s&nbsp;yearly output of&nbsp;over&nbsp;100 million&nbsp;tonnes&nbsp;of steel&nbsp;has now&nbsp;surpassed Japan to become the world&#8217;s second-largest&nbsp;steelmaking country.&nbsp;<\/p>\n<p>A lot of other markets are big but mature,&#8221; BHP vice-president of market analysis Huw McKay told the Sydney Morning Herald.&nbsp;&nbsp;<\/p>\n<p>&#8220;India is big but it\u2019s barely got started.&#8221;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BHP projects Indian steelmaking is on course to grow by 7% per year over the next decade.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1035,2849,949,369,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1158561"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1158561"}],"version-history":[{"count":5,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1158561\/revisions"}],"predecessor-version":[{"id":1158611,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1158561\/revisions\/1158611"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1158561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1158561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1158561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}