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Thursday, December 19, 2019

NMDC update

NMDC is allocated with two coal blocks in Jharkhand State

Recently Ministry of Coal has allocated two coal blocks to NMDC, the Rohne and Tokisud North under Section 5(1) of Coal Mines (Special Provisions) Act 2015 for commercial mining. Both these blocks are located at Hazaribagh District of Jharkhand.

The Rohne coal block has extractable reserves of 191 million tonnes and planned production capacity of 8 million tonnes per annum. The Tokisud North coal block has extractable reserves of about 52 . million tonnes of thermal coal and planned production capacity of 2.32 million tonnes per annum. Both the blocks are located at aerial distance of about 10-15 kms. Rohne coal block has coking coal which may require washing of coal for feeding into steel plant and hence NMDC is exploring the possibility for setting up of coal washeries. NMDC is going to execute allotment agreement of Tokisud North coal block on 24.12.2019. The Rohne coal block allotm_ent agreement would be executed as per the directives from Ministry of Coal with respective execution date.

Both the coal blocks have been allocated to NMDC based on the diligent efforts of NMDC's Coal Division. This coal division has been setup at Hyderabad exclusively for coal assets in India to provide linkage to steel and power sector.

Expressing his happiness, Shri N. Baijendra Kumar, IAS, CMD, NMDC thanked Government oflndia especially Steel Ministry and Coal Ministry for reposing faith on NMDC for diversifying into coal.