Coal Secretary to announce new mining reforms
COAL & MINING

Coal Secretary to announce new mining reforms

Image courtesy: Business World

Following the recent announcement to enable commercial coal mining for private sectors and unlock 500 blocks in non-coal minerals, the government announced last week plans to implement new mining reforms in the coming six to eight weeks. The government is adopting a robust framework to offer sustainability and increase productivity in the mining industry. This was announced by Anil Kumar Jain, Secretary, Ministry of Coal, Government of India in a CEOs virtual roundtable, "Propelling the Mining Industry forward through Sustainable Technologies to enable Aatmanirbhar Bharat", organised by the Federation of Indian Chambers of Commerce & Industry (FICCII), in collaboration with ThyssenKrupp.

According to Jain, the objective of offering new reform policies is to increase sustainable technology, for example, green mining, coal ash ponds, and expend environmental development.

India is the importer of coal to countries like Australia, Indonesia, South Africa, and others, and is working towards decreasing coal import. Jain hoped that with the adoption of new-age technology, India can reduce various environmental impacts, and can become one of the largest coal exporting hubs. The country can become an export hub for coal, with the immense potential of the new-age technologies.

Vivek Bhatia, MD & CEO of ThyssenKrupp Industries India, stated that with the help of increasing technology, competitive mining will increase at a rapid rate that will have a positive impact on the environment. This technology will help to increase operational safety and reduce opex. That will also lower the cost of the present mining system reforms and help in improving and upgrading the carbon footprints.

Various factors help in the betterment of the mining industry for several decades, but the two main factors are conventional technologies and business models. Drilling, blasting, fuel and consumables are some of the major constituents in the mining industry. But with the emergence of new technology,  it is being hoped that the costs can be significantly reduced with the help of an electrically operated system. 

Image courtesy: Business WorldFollowing the recent announcement to enable commercial coal mining for private sectors and unlock 500 blocks in non-coal minerals, the government announced last week plans to implement new mining reforms in the coming six to eight weeks. The government is adopting a robust framework to offer sustainability and increase productivity in the mining industry. This was announced by Anil Kumar Jain, Secretary, Ministry of Coal, Government of India in a CEOs virtual roundtable, Propelling the Mining Industry forward through Sustainable Technologies to enable Aatmanirbhar Bharat, organised by the Federation of Indian Chambers of Commerce & Industry (FICCII), in collaboration with ThyssenKrupp.According to Jain, the objective of offering new reform policies is to increase sustainable technology, for example, green mining, coal ash ponds, and expend environmental development.India is the importer of coal to countries like Australia, Indonesia, South Africa, and others, and is working towards decreasing coal import. Jain hoped that with the adoption of new-age technology, India can reduce various environmental impacts, and can become one of the largest coal exporting hubs. The country can become an export hub for coal, with the immense potential of the new-age technologies.Vivek Bhatia, MD & CEO of ThyssenKrupp Industries India, stated that with the help of increasing technology, competitive mining will increase at a rapid rate that will have a positive impact on the environment. This technology will help to increase operational safety and reduce opex. That will also lower the cost of the present mining system reforms and help in improving and upgrading the carbon footprints.Various factors help in the betterment of the mining industry for several decades, but the two main factors are conventional technologies and business models. Drilling, blasting, fuel and consumables are some of the major constituents in the mining industry. But with the emergence of new technology,  it is being hoped that the costs can be significantly reduced with the help of an electrically operated system. 

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000