Coal is on the way out. Don't tell the Government
	
	
		Correct - actual coal reserves, when you include unproven reserves, are even larger again if you can get approval for new exploration and new mining, and of course can prove it is economically viable to mine.  
As an example, unlikely we will see coal mining under Sydney again even though there would still be coal present.
What it does mean is China and Russia can be self sufficient on coal and won’t be reliant on western financing or insurance to develop new mines.
Hence, the western countries will phase out coal first (due to political and environmental pressure), and Russia, China, and possibly India will carry on regardless (due to economic need).
There are some pretty important lines being drawn in the sand around the world at present, and fossil fuels seem to be at the heart of it all.