Coal India to add new mines, expand existing ones to meet higher demand, chairman says.
mining-technology.com
India
16-02-2024
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Indian state-run company coal India will begin operations at five new coal mines and expand the capacity of at least 16 existing mines to help meet the growing demand for the fossil fuel, the company’s chairman, P.M. Prasad, told reporters on Wednesday.
Anticipated record output from the company is set to boost coal inventories at power plants across the country by 16.1% year-on-year, hitting 40 million tonnes (mt) by the end of March, Prasad told. The miner plans to start operations at five new mines, which will have a combined annual capacity of 14.3mt, in the next fiscal year, Prasad said.