• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Sept. 7 Coal India Ltd (CIL), which had floated a global expression of interest (EoI) for reopening some of its abandoned mines through joint ventures with private companies, will give preference to companies offering reciprocal opportunities for development and operation of abandoned coal mines abroad.

Such development of foreign mines would be undertaken by the same joint venture companies, officials said.

CIL had floated global EoI for 18 abandoned coal mines where production had been stopped mostly due to safety reasons such as fire in some cases and water logging in the other cases.

There would be more than one joint venture and there could even be one each for every mine, officials said.

Out of the total, six belongs to Eastern Coalfields Limited (ECL) – Sangramgarh, Seetalpur, Kapasara, Shyampur A, Sripur and Girimint.

Another eight abandoned mines for which joint venture partners have been invited belong to Bharat Coking Coal Limited (BCCL).

These are Dharmaband, Gaslitand, Industry, Kendwadih, Kustore, Kujama, Victoria and Begunia.

The remaining four mines – Hindegir, Associated Karanpura, Khas Karanpura and Pipradih – belong to Central Coalfields Ltd (CCL).

CIL is primarily looking for internationally accredited, experienced and financially capable companies having wide experience in underground mining and proven technical and managerial expertise in salvaging, rehabilitation and operation of abandoned/derelict mines under hazardous environment.

Highest emphasis would be given to the safety of personnel and the property including surface structures belonging to third parties before formalising these joint ventures, officials while adding that till now there had been several oral enquiries but no formal EoIs has been received.

“As the last date of submission of EoIs is October 13, 2008, many companies can also go in for on the spot assessment of the mines by their experts before submitting their bids. Normally formal papers come in only around the last date,” the official said.

More Stories on : Coal

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line