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Law Makers Flag High Operating Costs in CIL Coal Mines

Coal News - Published on Thu, 12 Dec 2019

Image Source: CIL Coal Mines
Financial Express reported that the parliamentary standing committee on coal and steel said that the issue of high-operating costs of coal mines run by the PSUs requires the Union coal ministry’s serious consideration. Flagging the variation in the operating cost of OC and UG mines, the committee noted that the measures taken by the coal companies have not been successful in bringing down the operating cost in OC and UG mines. They said “To bring down operating costs, CIL is converting the unsafe and unviable UG mines into OC mines. The company has also deployed heavy earth-moving machinery in OC mines for coal extraction, and also conducting e-reverse auction for explosives, it informed the committee.”

During FY19, the lowest operating cost of an open cast mine owned by Coal India Ltd was INR 455.5 per tonne, while the highest cost was pegged at INR 1,889 per tonne. For underground mines, operating costs ranged between INR 4,879.8 and INR 27,051.5 per tonne.

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Posted By : Yogender Pancholi on Thu, 12 Dec 2019
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