Coal India Limited subsidiary, Bharat Coking Coal Limited, is planning to set up seven new washeries at an investment cost of INR 5 billion.
The washeries will be set up on a build, operate and maintain basis and it is hoped they will be operational by the end of December 2012.
The new washeries will have a capacity of washing 18.6 million tonnes per annum of coal out of which 13.6 million tonnes will be coking coal with the remainder non- coking coal.
BCCL has already invited tenders for one of the washeries while the tendering process for the remaining six is in progress. The tendering process is to be completed by the end of this fiscal year (March). The washeries will not only help BCCL in better yield of coking and non-coking coal but will also help the company to ramp up its production from the existing 26 million tonnes per annum to about 35 million tonnes per annum by 2012.
BCCL is also renovating its existing seven washeries at a cost of INR 540 million. The renovation process is likely to be completed within a year. The existing washeries have a capacity of washing 1.5 million to 2 million tonnes per annum of coal.
The company is also planning to develop three underground mines with a combined capacity of three million tonnes per annum on a turnkey basis. BCCL is scouting for global mining firms, with a proven expertise in underground mining, to develop and operate these mines and will soon invite global tenders.
Meanwhile, BCCL has issued a letter of intent to a Chinese firm for developing the Moonidih-16 underground mines at a cost of INR 4 billion. The Chinese firm expects to start operations on these mines within a period of 15 months and has been asked to achieve a production of 3.5 million tonnes of coal from these mines withinfive years failing which a penalty will be imposed.
Source: Steel Guru
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