Nine workers were trapped inside the mine in Umrangshu, around 250 km from Guwahati, on January 6 with four bodies recovered so far.
Prices have slumped over the past five years and a slowing China is buying less. Now, Indonesia faces an Indian double whammy: not only is its main export market producing so much coal that it aims to wind down imports in two years, it's also set to start exporting for the first time - to a market dominated by Indonesia.
While delivering the order, Justice Swantanter Kumar said they should be permitted to pay the royalty in installments. As the expert committee has assessed that the 6.3 million tonnes of extracted coal was worth Rs 3,078 crore, the royalty payable to the state is about Rs 400 crore.
The panel suggested that companies mining coal and lignite instead of sharing profit with local communities should pay equivalent amount to state government‘s District Mineral Corporations, reports CNBC-TV18‘s Rituparna Bhuyan.
The country faced a major power crisis for the second consecutive day today as three grids serving Northern, Eastern and North-Eastern regions failed this afternoon, leading to 200 coal miners getting trapped in West Bengal and throwing normal life out of gear in 22 states.
The new Mines Bill that provides for sharing of 26% profit by coal miners and an amount equivalent to the royalty payment by other miners with the project-affected people, is likely to come up before the Cabinet tomorrow.