Kolkata: State-run Coal India Ltd Wednesday said it is keen to partner global mining companies for commercial production at abandoned mines on mutually gainful terms of business.
Coal India has floated a global expression of interest for developing 19 abandoned mines with estimated reserves of about 1.6 billion tonne through the JV route, CIL Chairman Partha S. Bhattacharyya said at the inaugural ceremony of the International Mining and Machinery Exhibition (IMME).
The mining companies which were in a position to offer reciprocally similar opportunities in their respective countries of operation would be given priority in selection.
Bhattacharyya said coal in the country was high in ash content and low heat value, which was supplied to consumers without ‘beneficiation’.
CIL, he said, has decided to wash thermal coal before supply to consumers as part of efforts to maintain consistent quality.
Tenders were being floated for setting up 19 washeries with a total capacity of 100 million tonne on a build-operate-maintain basis, he said.
An important pre-requisite for the programme to succeed was to have a coal pricing structure in place as the present pricing system did not meet the requirement. Action has been initiated in this direction, Bhattacharyya said.