01-10-2023 12:56 PM | Source: Accord Fintech
Ministry of Coal to engage reputed MDOs in coal mines to ramp up domestic coal production
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With an aim to ramp up domestic coal production and reduce import dependency, the Ministry of Coal has planned to engage reputed Mining Developers cum Operators (MDOs) in coal mines, through open global tenders. The contract period of engagement is for 25 years or life of mine whichever is less.

The MDOs would excavate and deliver coal to coal companies in accordance with the approved mining plan. MDOs would bring to the table mutually beneficial technology infusion, economically viable operations and increased production.

As per the notification released by the Ministry of Coal, since contracts offered to them are on long-term basis, allied infrastructure at mine projects also would be developed by these private players. They shall facilitate R&R issues, land acquisition, green clearances and coordination with State and Central Pollution Boards.