Indian Government Refuses to Lower Coal Production Target Despite Shortfall

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.

Click here to read the full Mining Weekly report.