Total number of mines that are in operation (in 2017). 207 - Underground, 176 - Opencast, 30 - Hybrid.
or so coal mines are planned to be shut by Coal India Limited (CIL) over the next 2-3 years because they are unprofitable. Low grade coal extracted from mines that produce less than one million tonnes a year are generally considered unprofitable as the scale of operation in them do not support the cost involved vis-à-vis the price its coal fetches.
loss making underground mines will be closed for production by Coal India in the current fiscal (2017-18). Muted coal demand and eroding profitability have forced Coal India to take this step.
Rs 800 crore
estimated savings to Coal India from these closures. The savings could be as high as Rs. 1,000 crore.
workers from the closed mines will be redeployed without loss of salary.
underground mines belonging to Coal India's four subsidiaries - Eastern Coalfields (ECL), Bharat Coking Coal (BCCL), South Eastern Coalfields (SECL) and Central Coalfields (CCL) - have been identified for closure in phases.
Number of coal mines closed in first 5 months of fiscal 2017-18.