Never miss a story

Get subscribed to our newsletter


×
Image courtesy Firstpost

Image courtesy Firstpost

New Delhi: The government will put eight more coal mines up for auction after completing the process for 10 mines in the third phase in mid-August, Coal Secretary Anil Swarup said on Wednesday.

“After these 10 mines (in August), eight more mines are in the queue,” he told reporters here on the sidelines of a conference on minerals and metals organised by a business chamber.


“We have more and more mines coming in so that they would suffice for other sectors also,” he said.

Swarup also said that in view of the need to step up India’s coal production to 1.5 billion tonnes by 2020, there is a plan to hire manpower for mining.

“As far as 1.5 billion tonnes of production is concerned we have a full-fledged HR plan of having manpower to mine these mines,” he said.

The third round of coal mine auctions for 10 blocks will be held from August 11 to 17.

Coal and Power Minister Piyush Goyal said last month that the government will open more than 60 coal mines across the country in the coming days.

He had said the new mines were part of the overall plan for state miner Coal India to double its current production of 500 million tonnes per annum in five years to reach the country’s total production target of 1,500 million tonnes by 2020.

Coal India achieved a record 32 million tonnes increase in production in the last year, which led to a 12 percent increase in power production, the minister said.

(IANS)


Popular

Kishu Inu and Dogelon Mars are some of the more popular canine coins in recent months. Their popularity is demonstrated by the vast amount of trading volume that these cryptocurrencies receive.

At the time of writing, Kishu Inu has a trading volume exceeding $10 million and Dogelon Mars has an even larger trading volume that surpasses $30 million.

Keep Reading Show less

HUH Token

It’s here, and it appears that there ain’t nothin’ or no one stopping the skyrocketing force of HUH Token and the release of the long-awaited White Paper is finally here and we’re living for it.

It’s also great to note that Shiba Inu made a triumphant crypto market return this week and the reign of the dog continues though with HUH Token’s White Paper release it could see the ‘Utimeme’ token break out of the atmosphere on its December 6th launch and surpass Shiba Inu for altcoin supremacy.

Keep Reading Show less

HUH Token

HUH Token has been on the lips of crypto lovers for some time now and the much-anticipated White Paper release is here, right now, today!

Not only this but Shiba Inu’s mastery of the altcoin world could be coming to an end on HUH Token’s December 6th release if the aims, goals and technology in the White Paper are anything to go by.

Keep reading... Show less