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Indian Government Refuses to Lower Coal Production Target Despite Shortfall
Oct. 24, 2011 07:43AM PST
Industrial MetalsMining Weekly reported that India’s government won’t allow Coal India Limited (BSE:533278) to target lower production.
Mining Weekly reported that India’s government won’t allow Coal India Limited (BSE:533278) to target lower production.
As quoted in the market news:
CIL, the world’s largest coal miner, had sought government approval for a lower production target after the company recorded extraction of 150-million ton of coal during April 2011 to September 2011, which was 20-million ton lower than the pro rata target for the same period.