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10 members panel forms to identify mines for allocation to Coal India Ltd

Mining News - Published on Tue, 26 Dec 2017

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Economic Times reported that government has set up a panel to identify additional mines for allocation to state owned Coal India as the PSU mining giant is eyeing an output of one billion tonnes. The 10-member panel under the chairmanship of Additional Secretary Coal has members from Coal India and its consultancy arm Central Mine Planning and Design Institute among others.

The terms of reference (ToR) of the panel include intensifying "additional coal blocks for CIL/its subsidiaries, keeping in view their long-term production commitments," according to the official.

The panel will also find additional mines from areas explored in recent years as per standard technical parameters.

The Committee would "identify the coal/lignite blocks for allocation under the provisions of MMDR Act, 1957 and CBA Rules, 2017 through auction as well as allotment".

The panel would also review the recommendations of the earlier committee in respect of 117 coal blocks identified in 2014.

It would identify coal blocks not to be allocated due to insignificant reserves/inviolate areas/dense forest/CBM overlap etc.

The official said that "The committee is constituted in supersession of the committee formed ...(in) 2014 and will submit its recommendations to the government.”

The country is expected to achieve the coal production of 1.5 billion tonne by 2022, Coal Secretary Susheel Kumar had recently said.

The official said that of the 1.5 billion tonnes, one billion tonnes would be contributed by Coal India and the rest by private producers and Singareni Collieries.

The coal ministry had set the target of 1 billion tonnes by 2019-20 for state-run miner Coal India to cut imports and increase availability of the dry fuel to bolster growth.

The world's largest coal miner Coal India accounts for over 80 per cent of the domestic coal production.

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Posted By : Rabi Wangkhem on Tue, 26 Dec 2017
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