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Coal Further
Coal Further
Coal mining in India is 235 years old activity and so as the Industry is. Coal extraction in India is done to the fullest availability even the shortage of the supply of coal prevails. Imported Quantity is 68.9 Million Tonne (MT). In India coal is excavated for the captive use. Captive means the Locked Up and captive mining means coal production is locked up for the specific needs of the country. 85 % of the coal consumption is in power sector. The coal mines are owned by the State and the Coal Mines (Nationalization) Act 1973 restricts the entry of the private players. The Coal production all over India during the period April 2011 to December, 2011has been 363.79 Million tonnes (Provisional) as compared to the production of 373.58 million tonnes (MT) during the corresponding period of the previous year showing a growth of -2.6%.( Data from MOC annual report 2011-2012)
Mine and Minerals Act 1957 Coal Mines (Nationalization) ACT 1973 Centralization of the coal mines. Coal Mines (Nationalization) ACT 2000 Cement Industry was also added for the captive use. Colliery control order, 2000 Coal is sold through a notified price. An E auction has however been launched. Regulations on the Import and Export ( Free Import is allowed) The free export and import regulations promote the import of the coal to meet the demand