Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Coal India to reopen abandoned mines, may offer mines to MDOs on contract

Wednesday, 17 Jun 2020
Share this on :
Coal India (CIL) is planning to use mine developers and operators (MDO) to reopen mines it abandoned because of safety and viability concerns. 
 
The company may offer these mines, many of which hold good quality reserves, to MDOs on contract basis. 
 
It will earn additional revenue without fresh investment even if the MDOs operate small quantities ranging between 2,50,000 tonne and 3,00,000 tonne of quality coal a year profitably. 
 
These are sunk investments as the mines don’t yield returns any more. The company has been looking for ways to earn some revenue from them as a large number of these pits, mostly underground, hold premium grade coal. 
 
Initially, 15-20 such mines will be offered, and the number will be increased if the response is good. 
 
Also, tender documents were being prepared for mines to be offered on as-is-where-is basis. The MDOs would be selected on the basis of the net cash flow that can be generated from these mines from their production plans.
 
The company first planned to reopen abandoned mines in 2011. It had offered around 15 mines abandoned due to unavailability of suitable technology at the time. 
 
The proposal was taken up by CIL.However, private parties that had shown interest in these pits wanted at least 49 percent equity stake. Also, there were no such provisions then and stake sale in these mines was not agreed by the government.

 

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services