In light of the increase in commercial coal mine auctions, the Directorate General of Mines Safety (DGMS) has intensified its focus on mine safety, according to an official statement on Sunday. DGMS Director General Prabhat Kumar emphasised the importance of adherence to safety norms among new players during the Mines Safety Award 2024 event. "We are seeing more captive and commercial mines coming into production every year. Therefore, we are actively engaging in consultations with mine operators to ensure they understand and follow the necessary safety regulations," Kumar said. Since the Ministry of Coal began the auction process, 107 blocks with a peak-rated capacity of 256 million tonnes have been auctioned in nine rounds. Of these, 11 commercial coal blocks have already become operational. Meanwhile, Coal India Ltd (CIL) is diversifying into the non-coal sector, with a keen interest in the battery materials sector, including lithium, nickel, cobalt, and graphite. CIL Chairman PM Prasad mentioned that the company recently acquired a graphite block in Madhya Pradesh, marking its first venture into non-coal mineral mining. "We have taken one mine in graphite. For lithium, we participated in the auction but did not succeed. However, we remain interested in this sector," Prasad said at the event. In its annual report for FY'24, Coal India highlighted its strategic diversification into emerging battery materials, aiming to leverage its mining expertise, operational footprint, and financial resources. This move is intended to enhance the company's long-term resilience and competitiveness in the rapidly evolving global energy landscape. "A deep understanding of the Indian energy and industrial landscape aids in expanding into markets for lithium-ion batteries, electric vehicles, and renewable energy technologies," the report stated. ( Source: Business Standard)
