Both, TD2K and MortenA, are right. A note on volatiles.
Perry VI fig 9-1, shows the fixed C % of different coals and their thermal values. From the graph we may see that there is no linear relationship between them. For example, there is a maximum of some 15,000 Btu/lb for bituminous coal having about 70% carbon, while anthracite with some 90% C has a reported value of 14,000 Btu/lb, both with the same degree of moisture. This means that volatile material in bituminous coal contributes more to heat release than an equivalent fixed carbon % in anthracite.
Volatile material is that part of coal liberated as gases or vapours from the thermal decomposition of carbon-combined substances when heated in the absence of air.