The government has said that Coal India Limited (CIL) is looking to offer more than 100 discontinued or closed mines to private sector on revenue sharing basis in due course of time.
The development comes after the Ministry of Coal on Thursday (24 February) held a stakeholder consultation on revenue sharing model for discontinued or closed mines of CIL with the private sector.
According to a ministry release, the consultation attracted “huge participation from the private sector like Essel Mining, Adani, TATA, JSW, JSPL etc and their enthusiastic support to the proposal”.
The government is contemplating to partner Private Sector on Revenue Sharing Model to produce coal from discontinued or closed mines, the ministry said.
There are many mines which were discontinued or closed in the past by CIL due to several reasons and these could be reopened and productively brought into operation with the partnership of the private sector.
The ministry said that it was hopeful that collaboration with the private sector will enhance productivity, efficiency gains and will be able to produce additional coal required for the development of the country.