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India's Coal Producers to Operationalise Coal Mines within 2 Years - Mr Chaudhuri

Coal News - Published on Tue, 17 Sep 2019

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Union Coal Secretary Mr Sumanta Chaudhuri speaking at a stakeholder consultation meet on issues related to coal sector organised by Ministry of Coal in collaboration with FICCI, that coal producers in the country to operationalise their coal mines within two years from the date of allocation. It is not acceptable to take six years to operationalise a coal block which has been the usual practice. The Ministry has taken several policy decisions to ensure the early operationalisation of coal mines, transparency and simplification of operations. We need to pull up our socks and start production in two years to two-and-half years.

Mr Chaudhuri said that the plans are afoot to scrap the need for State Governments to take approval from the Centre prior to granting a mining lease to companies and it would help speed up operationalisation of coal mines. Chief Secretaries of all States having coal blocks have been asked to facilitate project proponent in the acquisition of land, streamline various processes for granting environmental and forest clearances and expedite grant of mining leases.

However, the Centre has planned to auction 42 coal blocks in one go which is probably the single largest tranche ever put to auction. It will be followed by more blocks in the next phase.

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Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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