Coal India Ltd, the world's biggest miner, has pushed back its ambitious 1 billion tonne production target by at least two years owing to the existing ground realities, a top official of the company has said. Coal India has pushed its 1 billion metric tonne (mt) production target back by at least two years because of changes in the environmental paradigm and coal demand. The company said it would not be able to meet that goal until 2022, but added that it was working on a plan for meeting it. In the interim, it has been developing rail connections to meet the growth in production and is expected to spend INR12,000 crore ($1.7bn) on mining equipment during the next three years with the intent of reaching the one billion mt target in three or four years.
Coal India has pushed its 1 billion metric tonne (mt) production target back by at least two years because of changes in the environmental paradigm and coal demand. The company said it would not be able to meet that goal until 2022, but added that it was working on a plan for meeting it. In the interim, it has been developing rail connections to meet the growth in production and is expected to spend INR12,000 crore ($1.7bn) on mining equipment during the next three years with the intent of reaching the one billion mt target in three or four years.