CIL looking at jt ventures to revive abandoned mines
Published on Mon, Sep 08, 2008 at 08:45 | Source : Business Line
Updated at Mon, Sep 08, 2008 at 09:25
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CIL looking at jt ventures to revive abandoned mines
Coal India Ltd (CIL), which had floated a global expression of interest (EoI) for reopening some of its abandoned mines through joint ventures with private companies, will give preference to companies offering reciprocal opportunities for development and operation of abandoned coal mines abroad.
CIL is primarily looking for internationally accredited, experienced and financially capable companies having wide experience in underground mining and proven technical and managerial expertise in salvaging, rehabilitation and operation of abandoned/derelict mines under hazardous environment.
Highest emphasis would be given to the safety of personnel and the property including surface structures belonging to third parties before formalising these joint ventures, officials while adding that till now there had been several oral enquiries but no formal EoIs has been received.
"As the last date of submission of EoIs is October 13, 2008, many companies can also go in for on the spot assessment of the mines by their experts before submitting their bids. Normally formal papers come in only around the last date," the official said.
