![]() Financial Daily from THE HINDU group of publications Monday, Jan 31, 2005 |
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Industry & Economy
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Coal Mahanadi Coalfields floats tender for EoIs to develop 3 mines Our Bureau
Kolkata , Jan. 30 MAHANADI Coalfields Ltd (MCL), a wholly owned subsidiary of Coal India Ltd (CIL), has floated a global tender inviting expression of interest (EoIs) from private companies with a proven track record in coal mining for the purpose of assisting MCL in extracting coal and removing overburden in three new large open cast mines, which the company plans to develop during the Tenth Plan period. The mines for which EoIs are being sought are: Kulda in Garjanbahal area, and Bhubaneswari and Kaniha in Lingaraj area. According to MCL sources, the EoIs are being invited to know the interest of the prospective bidders and also for a preliminary assessment of technical capabilities and financial soundness of the companies for extraction of coal and removing overburden. The services to be provided by the companies cover removal of overburden, including cutting of access trench and transportation of overburden as per quantity specified in the work order, extraction of coal from the exposed area and their transportation up to the siding/stockyard/coal-handling plant or feeder bunker. Maintenance of the haul roads and coal transportation roads by deploying dozers, graders and water sprinklers has to be undertaken by them. The entire cost of the work will have to be borne by the prospective parties, while the selected party will have to guarantee a pre-determined minimum level of production. An investment to the tune of about Rs 111 crore is estimated for the development of Kulda mine for removing overburden and extract coal of about 30 million cubic metres within a period of five years. The investment in Bhubaneswari is estimated to be about Rs 87 crore for removing overburden and extracting about 24 million cubic metres of coal, while that for Kaniha is estimated at about Rs 53 crore for removal of overburden and extraction of about 14 million cubic metres of coal.
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