CIL to hold a meeting on mine development

State-owned CIL will hold a meeting with stakeholders through video conferencing to deliberate on model bid document for development and operation of underground mines. To augment its dry-fuel output, Coal India Ltd has decided tot coal through mine operators.

Daily Current Affairs Quiz 2020

Key-Points

A Pre-NIT Meet will be convened on 18 April with the stakeholders on the model bid documents comprising of Request for Bid (RFB) and Model Contract Agreement (MCA) for ‘Development and Operation of Underground mines’ of CIL on Mine Developer-cum- Operator (MDO) model.

The scope for mine operator will include the development of the project, including detailed designing, financing, mine construction, procurement of mining and other equipment, operation and maintenance of the mine under the project for extraction and delivery of the coal and performance of all other obligations of the mine operator.

About 80% of India’s domestic coal production comes from CIL. CIL recorded a high coal output of 84.36 million tonnes during March 2020.

It registered a 6.5% growth compared to 79.19 MT it produced in March 2019. The company closed fiscal 2019-20 with annual coal production of 602.14 million tonnes (MT). The country’s coal import increased marginally by 3.2% to 242.97 MT in the past fiscal 2019-20.