How many coal mines are there in India?
Coal India Limited has 352 mines (as on 1st April, 2020) of which 158 are underground, 174 opencast and 20 mixed mines.
Who is the CEO of Coal India Limited?
Who controls gold mines in India?
|Hatti Gold Mines||Karnataka||Government of Karnataka|
|Kolar Gold Fields||Karnataka||Bharat Gold Mines Limited|
|Lava Gold Mines||Jharkhand||Manmohan Mineral Industries|
|Sonbhadra Mine||Uttar Pradesh|
Why Coal India is a good buy?
Coal India (CIL) has reported higher-than-estimated PAT in Q4FY21, buoyed by higher volumes, improved q-o-q realisation and lower taxes. At Rs 45.9 bn, PAT was lower by only 0.8% y-o-y, despite higher contractual expense and lower other income due to decline in cash balance and lower rates.
Why did the government privatize the mines?
FORMER finance minister Edith Nawakwi has revealed that the IMF and the World Bank pressured the Zambian government to privatise the mines on the pretext that copper prices would not increase in 20 years.