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Friday, December 2, 2011

Indian coal output in October falls 9pct YoY - Report

Friday, 02 Dec 2011

Bloomberg, citing India Coal Market Watch, reported that India’s coal production fell by 9% in October from a year earlier and the country may miss output targets for a second year.

Output totaled 39.59 million tonnes in October from 43.51 million tonnes a year earlier and a state set target of 47.1 million tonnes.

However, production rose 33.5% from September when rains disrupted output.

Production during the first seven months of the year ending March 2012 was about 11% lower than a state set target of 259.37 million tonnes and 5.5% lower than a year earlier.

The target for the 2012 fiscal year is 554 million tonnes. Last year, India’s coal production was 533 million tonnes compared with a targeted 573 million tonnes.

(Sourced from Bloomberg)

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