Coal India raises FY07 coal target

London (Platts)--25Nov2005

State-owned coal producer Coal India Ltd. said yesterday it has raised it coal
production target for fiscal 2007 by 4% from its previous forecast to 363.8
million mt. Indian coal minister Darari Narayana Rao told Parliament it has
also raised it production target for fiscal 2012, ending March 2012, to 504.1
million mt, up 59 million mt from previous estimates.

Coal India also has an "Emergency Coal Production Plan" of an additional 71.3
million mt, made up of 16 identified opencast projects and mines enabled to be
enhanced to complement current production. "This incremental contribution from
Coal India would enable the coal sector to by and large meet the projected
demand of steam coal," Coal India said in a statement.

However, Rao added in view of limited reserves of coking coal, imports will
still be required to meet the gap between demand and supply. Indian coal
traditionally has a high ash content, resulting in Indian-origin coking coal
being blended with imported coal. 

This story was originally published in Platts Coal Trader International.
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