Launceston, Australia — What’s more important? The fact the Coal India will once again miss its annual output target or that it will produce more than 31-million tonnes more than it did the previous year? Recent media reports have highlighted that Coal India Limited (CIL), the state-owned behemoth that is the world’s largest miner of the fuel, is likely to miss its target of producing 598-million tonnes in the fiscal year to end-March. "CIL may miss by 20-million tonnes and it should be between 570-million and 578-million tonnes," Coal secretary Susheel Kumar said of the target, in an article in the Economic Times on March 12. Assuming CIL reaches the lower end of the range, the 570-million tonnes produced in 2016-17 would still be 31.25-million, or 5.8%, more than it managed in 2015-16. More impressive is that CIL’s output has gone from 452.2-million tonnes in the 2012-13 fiscal year to about 570-million in the year about to end, meaning that the company is mining about 120-million...
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