Help Desk -
9958816305, 9810335381
Email
Password

CIL CCL Takes Charge of Bermo Coal Mines from DVC in Jharkhand

Coal News - Published on Wed, 16 Oct 2019

Image Source: reporterpost.in
The Telegraph reported that Coal India subsidiary Central Coalfields has taken charge of the Bermo mines in Jharkhand from Damodar Valley Corporation. The captive mine has remained idle for over 2 years on account of a lack of mining expertise, resources, and absence of clearances and other technicalities. DVC had taken over the mine from Indian Railways in 1951 for its captive use for its Bokaro and Chandrapura units. DVC planned to ramp up production to 26 lakh tonnes from around 4 lakh tonnes per annum. However, there were several issues including rehabilitation, renewal of expired mining lease, lack of technical expertise and financial resources that necessitated a re-look into the project.

According to CCL officials, the mine has reserves of around 124 million tonnes of washery grade coal. CCL will also acquire more than 400 acres of land with the mine. The miner has set the production target for the current fiscal year at 26 lakh tonne. With low recovery cost, resuming production will not be a key challenge according to officials.

Source :

Posted By : Rabi Wangkhem on Wed, 16 Oct 2019
Related News from Coal segment