Indonesia curbing nickel supply to support locals, Eramet says
The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.
In a year-review post published on its official Facebook page, state-owned Singareni Collieries Company Limited announced that it expects coal production to touch 85 million tonnes per annum in the next five years as it plans to open up 12 new mines.
The company’s outlook is also based on the fact that during the fiscal year 2017 it produced close to 41 million tonnes of the black mineral. Only in December -the miner says- production reached 5.67 million tonnes, while dispatches were of 5.9 million tonnes and 40.89 million cubic meters of overburden were removed.
Chairman and Managing Director N Sridhar. Photo by Singareni Collieries.
In the statement, Chairman and Managing Director N Sridhar is quoted as saying that during the past three years, particularly since the creation of the eastern-central state of Telangana in 2014, the firm has been showing an average growth of 7 per cent.
Sridhar also said that the Singareni Thermal Power Plant stood at 4th position among the power plants in India in December, as it has generated 888.42 Million Units and exported 839.60 Million units to the grid. The goal is to be able to supply of 24 hours power to local communities.
Singareni Collieries is jointly owned by the Government of Telangana and Government of India. According to its website, the company currently operates 18 opencast and 29 underground mines in four districts of Telangana, whose reserves are calculated in 8,791 million tonnes of coal.
