Coal news and updates

GMDC expands mining operations in Odisha with new coal mine agreement

The signing ceremony, held at Shastri Bhawan in New Delhi, formalizes GMDC’s acquisition of the Kudanali-Lubri mine located in Angul district.

New Delhi: In a strategic move to bolster its presence in the energy sector, Gujarat Mineral Development Corporation (GMDC) has inked a development and production agreement with the Ministry of Coal for the operation of the Kudanali-Lubri coal mine in Odisha. This marks GMDC’s third commercial coal mine in the state, significantly enhancing its mining portfolio outside its traditional base in Gujarat.

The signing ceremony, held at Shastri Bhawan in New Delhi, formalizes GMDC’s acquisition of the Kudanali-Lubri mine located in Angul district. This mine, which is still partially explored, is reported to contain an estimated 396.10 million tonne of thermal coal, thereby boosting GMDC’s total coal reserves to about 2040 million tonne.

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Roopwant Singh, IAS, Managing Director of GMDC, expressed optimism about the new venture, saying, “The addition of the 'Kudanali-Lubri' coal mine in our portfolio not only strengthens our resource base but also enhances our operational efficiencies and cost-effectiveness in Odisha.”

The proximity of the new mine to GMDC's existing 'Baitarni West' coal mine is expected to create operational synergies and streamline the resource development process, contributing to more efficient mining operations.