Sunday, 23 Jan 2011
Coal India Ltd will make operational a new underground mine having a reserve of 20 million tonnes in Jharkhand.
A source in Coal India requesting anonymity told PTI that "We are going to open a new underground mine at Muraidih near Dhanbad in Jharkhand which is likely to begin production within three years.”
The source added that "The tender was finalized a month back.”
The source added that "Out of the five parties that had applied for the tender, three were qualified.”
He added that "A Chinese firm CME and an Indian firm emerged as L1 bidder.”
The tender for the development and subsequent production from the underground mine was floated by Bharat Coking Coal Ltd a wholly owned subsidiary of Coal India Limited.
The mine is estimated to have an annual production capacity of 2million tonnes.
Coal India is also planning to extract coal from its abandoned mines and will float tenders for 18 such mines.
The 18 abandoned underground mines are owned by three of its subsidiaries in partnership with private players.
Underground mining would be revived in six abandoned mines of Eastern Coalfields, eight of BCCL, and four belonging to Central Coalfields.
(Sourced from ET)