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Coal India may invite bids for re-opening 18 mines
Coal India may seek expression of interest (EoI) from interested parties on re-opening 18 closed or abandoned underground mines through joint venture route, in a week’s time.
Coal India may seek expression of interest (EoI) from interested parties on re-opening 18 closed or abandoned underground mines through joint venture route, in a week's time.
The 18 mines are under the CIL subsidiaries of Eastern Coalfields Ltd, Central Coalfields Ltd and Bharat Coking Coal Ltd, spreading over West Bengal and Jharkhand.
The mines reportedly have huge quantities of mineable reserves of coking and non-coking coal.
According to sources, CIL has already finalised the guidelines for submitting the EoIs. The announcement seeking applications may be made as early as on Friday.
According to the guidelines, the company has invited applications from parties, which have been instrumental in re-opening of at least one such closed underground asset.
The parties should also have a benchmark balance sheet capacity and track record in mining sector.
