CIL to complete Mozambique twin mines exploration by mid-2014
6 Aug 2013 11:00 PM GMT
The government on Monday said that the exploration programme of Coal India Ltd's (CIL) twin mines in Mozambique is likely to be completed by the middle of next year, subsequent to which future strategies for the development of blocks will be decided.
'The exploration programme is expected to be completed by mid 2014, subsequent to which future strategies of coal mine development will be decided,' Minister of State for Coal Pratik Prakashbapu Patil said in a written reply to Rajya Sabha.
The minister further said that the first stage of drilling of the mines has been completed and the second stage is under progress. 'The geological mapping of the areas falling under the coal block has been completed and the majority of survey work for delineation of the boundary has also been completed,' Patil said.
Coal India Ltd is carrying out exploration programme in coal blocks of Mozambique through its wholly-owned subsidiary Coal India Africana Limitada (CIAL).Coal India Africana Limitada had won a five-year licence for exploration and development of mines in Mozambique in August, 2009. Two coal blocks — A1 and A2 — at Motaize, in Tete Province of Mozambique, are spread over 200 sq km.
Replying to another question, the minister said that Coal India Ltd had floated a global expression of interest early this year, inviting owners of coal assets or their representatives and investment bankers to bring proposals to Coal India Ltd for acquiring coal assets overseas.Patil also said that CIL has made an ad-hoc provision of Rs 25,000 crore in the XIIth plan period for acquiring coal mines overseas.
'The exploration programme is expected to be completed by mid 2014, subsequent to which future strategies of coal mine development will be decided,' Minister of State for Coal Pratik Prakashbapu Patil said in a written reply to Rajya Sabha.
The minister further said that the first stage of drilling of the mines has been completed and the second stage is under progress. 'The geological mapping of the areas falling under the coal block has been completed and the majority of survey work for delineation of the boundary has also been completed,' Patil said.
Coal India Ltd is carrying out exploration programme in coal blocks of Mozambique through its wholly-owned subsidiary Coal India Africana Limitada (CIAL).Coal India Africana Limitada had won a five-year licence for exploration and development of mines in Mozambique in August, 2009. Two coal blocks — A1 and A2 — at Motaize, in Tete Province of Mozambique, are spread over 200 sq km.
Replying to another question, the minister said that Coal India Ltd had floated a global expression of interest early this year, inviting owners of coal assets or their representatives and investment bankers to bring proposals to Coal India Ltd for acquiring coal assets overseas.Patil also said that CIL has made an ad-hoc provision of Rs 25,000 crore in the XIIth plan period for acquiring coal mines overseas.
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