Coal India Unit Shuts Three Mines After Protests
Mahanadi Coalfields, a unit of Coal India Ltd, has stopped operations at three mines in Odisha following protests by locals over company plans to relocate them to make way for planned mine expansion.
More than 100 families are campaigning against the company's plan to shift them about 15 km from their homes around the mines, a company spokesman and a government officer told Reuters on Friday.
The halted mines produce 100,000 tonnes of coal per day, contributing a third of Mahanadi Coalfields' total output. The company had forecast a 15 per cent rise in production to 127 million tonnes for this fiscal year ending March 31 2015.
Mahanadi spokesman Dikken Mehra said if the three mines remain shut, it would mean a suspension of coal supply to power plants in Tamil Nadu, Telengana and Andhra Pradesh states.
Sachin Ramachandra Jadhav, chief administrative officer of the district where the mines are located, said he was in talks with both parties and mining would resume soon.
Copyright @ Thomson Reuters 2014
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.