Coal FY'18 has pushed its 1 billion metric tonne (mt) production target back by the current year because of changes in the environmental paradigm and coal demand. The world’s biggest miner produced 630 million mt in the last financial year and has forecast output of 567 million mt in the current year . 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 1.7bn 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 world’s biggest miner produced 567 million mt in the last financial year and has forecast output of 630 million mt in the current year. 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.