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08-09-2020· Coal production in India was recorded at 51 Million Tons Per Annum during financial year 2017-2018. India has the fifth largest estimated coal reserves in the world, at 308.802 billion tons, according to a report released by the Ministry of Mines during the financial year 2015-2016 in FY16. India is the fourth largest producer of iron ore globally.
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Newcastle coal futures were trading slightly above $170 per metric ton in the end of December, well below a record high of $269.50 hit in October, but booking a nearly 110% gain for the 2021 year on strong demand and limited supplies. Higher than normal natural gas prices have been boosting coal appeal in Europe with stockpiles in plants hitting their lowest level since 1970's.
