Coal news and updates

The total estimated quantum of coal resources in the country is 301.56 Billion Tonnes as per The inventory of Geological Resources of Indian Coal (as on 01.04.2014), prepared by the Geological Survey of India (GSI). However, with current rate of production compared to proved reserves of about 126 Billion Tonnes , this is expected to last for about 100 years. This was stated by Sh. Piyush Goyal, (Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Rajya Sabha today. 

 

The Minister further stated that out of the running mines covered by the judgment of Honble Supreme Court, 37 blocks had produced 37.72 million tonnes during 2013-14. The Government has promulgated an ordinance to deal with the situation arising out of the judgment of the Supreme Court. 

 

The coal production of Coal India Limited ( CIL) is about 80 % of the all India production . The compounded average annual growth in production of CIL from 2009-10 to 2013-14 has been 1.8 % and production growth suffered due to various constraints like environmental issues, land related issues, Resettlement and Rehabilitation issues, coal evacuation and law and order in some places. However, various steps have since been taken to boost up production of coal, the Minister added. 

 

 

Source: http://www.business-standard.com/