Recent government actions cited for sagging sentiment.
Production decreased 57.5% during the period.
Firm looking to mine at the Galilee Basin in Australia.
Firm wants to lease 198 mm tons of coal adjacent to a local mine.
Firm says China based miners have successfully mined coal with a steeply-inclined strata.
Workers have postponed their indefinite strike until June 25.
Coal-fired power plants of Odisha Power Generation Corporation affected.
Investments into the sector soared to over $2.5 bn in 2012.
Government plans to cease production at 8 old Kuzbass mines which are unprofitable.
Company had previously announced plans to cut 300 jobs.
Embattled coal miner has opened talks with John Manzoni.
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