The main objective of involving MDOs is to significantly increase coal production.
The government said on Tuesday that of the 28 coal mining projects identified to be operated through mining operator-developers, 18 mines have been awarded to leading private companies.
The involvement of these mine developer-operators (MDOs) promises to make substantial contributions to coal production, ensuring both increased output and operational excellence.
“Initially, CIL (Coal India) identified 15 coal mine projects with a combined capacity of 168 MT (million tonnes) for implementation of MDO. This figure has now been expanded to 28 projects (18 open cast mines and 10 underground mines) with a total capacity of 257 MT.
“To date, 18 mines have been awarded to major private companies, marking a significant milestone in this ambitious endeavour,” the Coal Ministry said in a statement.
The primary objective of contracting MDO is to significantly increase coal production by streamlining operations, improving productivity and reducing mining costs.
These operators, selected through open global tenders, will oversee the entire mining process, from excavation and extraction to coal delivery, according to the agreement, the statement said.
These MDOs are tasked with excavating, mining and delivering coal to CIL as per approved mining plans, thereby boosting domestic coal production.
By partnering with MDOs known for their advanced technological capabilities, CIL seeks to modernize mining practices and improve operational efficiency.
First published: August 13, 2024 | 11:24 PM IS
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.