The mining activities across the country, which were curtailed between April and June due to a slump in the consumption of raw materials by the industrial units due to their closer, are picking up pace again. Coal India's two major subsidiary companies — Central Coalfields Limited (CCL) and Bharat Coking Coal Limited (BCCL) — operating in Jharkhand reported a slow but steady rise in their coal off-take in the second quarter of the current fiscal. P.M. Prasad, the chairman-cum-MD of Dhanbad-based BCCL, informed that the production and coal off-take was low but things have begun to pick up the pace since July onwards and the company is on course to meet its annual production targets. The CIL subsidiary, which produced 27 million tons of coal in 2019-20, has set its sights on producing 34MT coal in the ongoing fiscal year. As of July, it produced 6.2MT coal and recorded a dispatch of 5.52MT. The Ranchi-based Central Coalfields Limited (CCL), which has its operations in eight districts, had hit a roadblock in meeting its annual production target of 77MT in this fiscal year in the first quarter as industries remained closed due to lockdown. There was less demand in the first quarter, but it is gradually increasing, CMD, CCL, Gopal Singh informed. The iron-ore mines of Steel Authority of India Limited (SAIL) in West Singhbhum district curtailed their production by 50% in the first quarter as SAIL's plants reduced their production capacity by half owing to the lockdown and slump in the global steel market. The SAIL's mines in the district, the ones in Kiriburu, Meghatuburu, Gua and Chiriya, have a cumulative annual iron ore production capacity of 20MT. The state government also missed out on its mining royalties from mica mining in Koderma during the lockdown as the licenses owned by the Jharkhand State Mineral Development Corporation (JSMDC) to mine 6,000 metric ton mica expired just before the nationwide lockdown in March.
📅Published on:
19 August 2020
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