Union Minister for Coal and Mines, G. Kishan Reddy, announced today that India will soon have a Mineral Trading Exchange to cater to the demands of domestic industries. Speaking at the Star Rating Award Ceremony for coal and mine industry stakeholders in Mumbai, Reddy encouraged participation in the exchange activities.
Highlighting the coal sector’s continuous improvement, Reddy noted that coal demand is expected to rise in the coming years. He anticipated that private sector participation in coal mining would increase to 50% in the near future.
Reddy emphasised the need for the coal sector to adopt new technologies and community-driven mining operations. He also set a target for completing mine closure activities in 143 de-coaled coal mines within the next three years. During the ceremony, Reddy presented awards to coal sector stakeholders and launched the website of the Coal Controller Organisation.
