Thursday, October 6, 2022

Coal auctioning in stakeholders’ interest: Geology & Mining dept

Geology & Mining department has clarified that its advertisement inviting expression of interest (EOI) for auctioning of coal was in the best interest of all stakeholders, including local coal miners.
On receiving several complaints from coal mining licence holders and coal depot outsourced licensees expressing difficulties in transportation of coal by road to other States, the department said it had conducted a joint visit to the site to take stock of the situation from April 27 to 28.
In a statement, Geology & Mining additional director Tsuknung Jamir said during the visit, it was confirmed that hardly any coal could be transported by road due to various reasons, which was adversely affecting the coal miners and producers who were doing small-time business as their livelihood.
The team was equally concerned about the incubation period for spontaneous heating of coal, which was seriously affecting the economy, environment and safety of the people in the area due to not addressing the issue of spontaneous heating in time
Therefore, after careful study, the department was of the considered view that the coal at the depots/stockyards should be disposed of and transported outside without any further delay.
Hence, it said, the best option at this juncture was to invite EOI for public auction of coal, which would facilitate local entrepreneurs, producers, coal mining lease and coal depot outsourced license holders to have better price with transparency and avoid market monopoly.

SourceNPN