Coal India May Close 53 Underground Mines


Coal India May Close 53 Underground Mines

Coal India Ltd. (CIL) may close down 53 underground mines in 2018-19 even as it looks for solutions to these mines which it had inherited as a legacy of the pre-nationalisation days, said Anil Kumar Jha, Chairman, CIL.

“About 43 underground mines were closed last year on grounds of safety and viability,” he said. “We have inherited many underground mines at the time of nationalisation. That time, there were more than 700 mines with a seven lakh manpower. Now, with each passing day, we are trying to rationalise mines which are small, financially unviable or unsafe. We are trying to amalgamate some and turn some others into open-cast,” he said. There would be no retrenchment due to the mine closures as the staff would be redeployed, he added. Read more

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