As Captive Coal Production Dwindles, Centre Mulls Option To Take Back Mines

As Captive Coal Production Dwindles, Centre Mulls Option To Take Back Mines

Coal Secretary Susheel Kumar on Wednesday said the government is weighing measures to bring auctioned captive coal blocks into operation. The ministry has already issued show cause notices to companies that have failed to bring captive mines into operation.

Talking to BusinessLine on the sidelines of the 7th Asian Mining Congress here, Kumar said only 15 captive mines are operational now, nearly two years since the auction of blocks.

As per ministry records, 40 captive mines were operational in 2014-15, with the total production reaching 53 million tonnes (mt), when the Supreme Court scrapped a previous allotment procedure and de-allocated the mines. Read More…

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