Coal India sales outpace production by record to ease stockpiles

Coal India’s sales outpaced production by a record last month as the world’s biggest miner continued its efforts to reduce stockpiles. Shipments in July rose 6.9% from the same month a year ago to 44.33-million metric tons, the ninth straight year-on-year gain, while production eased a fourth month, sliding 0.3% to 36.64-million, according to Bloomberg calculations based on an exchange filing by the company Tuesday. Sales surpassed output by 7.69-million tons, the widest margin on record.