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Home Investment

Invest: Liberal terms-conditions for coal mining

Fiinews by Fiinews
December 7, 2024
in Investment
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CIL planning large Under Ground mines

Terms and conditions of commercial coal mining are very liberal with no restriction on utilization of coal, allowing new companies to participate in the bidding process, reduced upfront amount, Minister of Coal and Mines G. Kishan Reddy said in a written reply to Lok Sabha on 4 Dec http://coal.nic.in.

He pointed out that adjustment of upfront amount against monthly payment was being allowed. Also being allowed was the liberal efficiency parameters to encourage flexibility to operationalize the coal mines, transparent bidding process, 100% Foreign Direct Investment (FDI) through automatic route and revenue sharing model based on the National Coal Index.

He also pointed out that Coal India Ltd (CIL) is planning large capacity UG mines wherever feasible while its Opencast (OC) mines already have State-of-the-Art technology such as high-capacity Excavators, Dumpers and Surface Miners https://www.investindia.gov.in/.

CIL has identified 28 mines with capacity of 253 million tonnes a year (MTY) to be operated through Mine Developer and Operator (MDO) mode https://www.bseindia.com/.

He further elaborated on how CIL has adopted number of measures to increase coal production. In its Underground (UG) mines, CIL is adopting Mass Production Technologies (MPT), mainly with Continuous Miners (CMs), wherever feasible. CIL has also planned Highwalls (HW) mines in view of the availability of Abandoned/ Discontinued mines https://www.nseindia.com/.

As part of the recent reforms, 24 closed or discontinued mines have been awarded to successful bidders so far, he said. Out these, two mines belong to the State of Maharashtra (AB-Incline and Walni UG) https://www.conexpoconagg.com/.

SCCL has initiated action for developing infrastructure for evacuation of coal like CHPs, Crushers, Mobile Crushers, Pre-weigh-bins etc.

The minister pointed out that Coal and Lignite PSUs have undertaken various environmentally sustainable measures which inter-alia include: Greening Initiatives — Bio-Reclamation/Plantation, development of Eco-parks, Efficient utilization of mine water, Gainful Utilization of Overburden, Energy Efficiency Measures, Green Credit Programme, First Mile Connectivity (FMC) projects, Deployment of Blast free technology in coal mining, and Renewable Energy and clean coal initiatives among others https://mnre.gov.in/. Fiinews.com

Tags: Ministry of Coal
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