Early production incentives in planning
Technologies are available for competitive mining while ensuring minimal environmental impact even permitting the elimination of blasting in several cases, said Vivek Bhatia, MD & CEO, Thyssenkrupp Industries India, assuring the Indian mining sector.
“These continuous mining solutions can work round the clock along with conveyor systems without any intermediate handling, improving operational safety, and reducing OPEX significantly,” Bhatia told ‘CEOs Roundtable on Propelling the Mining Industry Forward through Sustainable Technologies for Atmanirbhar Bharat’.
“Additionally, the life cycle cost of such systems is significantly lower than the present systems along with improved carbon footprints,” he stressed.
FICCI Secretary General Dilip Chenoy has called for sustainable technologies for executions of the mining process at the roundtable which was attended by some of the leading industry stakeholders from various sectors such as power, aluminum, steel, cement, and mining.
Meanwhile, the Coal Ministry is going to open the sector and reduce the requirement of exploration status.
Sharing this on the FICCI-Thyssenkrupp roundtable on 12 Nov 2020, Coal Secretary Anil jail informed that there will be a system of incentivizing early production and there will be a regime of ‘reward and punish’ in the mining sector.
Jain noted a sea change in the ways industries are working over the years and sustainability is quite the buzzword in the sector currently.
“It is high time all of us realize that the environment cannot be ascribed zero value. The public is aware and is demanding more action from the legislature and judiciary for a healthy environment and the industry realizes this as well,” he said.
Jain also said that increasing sustainability is very well known to the mining community but it needs to be embedded in the heart of the mining operations.
Use of cleaner fuels, RE, adoption of energy efficiency is becoming pertinent, though there are inadequate efforts by some, he pointed out.
“We are now in the process of issuing the mine allocation orders and we hope to do that in the next 10 days,” announced Coal Ministry Additional Secretary M. Nagaraju.
Ministry would like to further smoothen the process with the support and inputs from industry in the next round of coal auctions, incorporating several learnings from the recent auctions. #coal #energy #OPEC #projects #technologies #investment /fiinews.com
