Opportunities for advanced mining technologies exist only in a few large coal mines. Here's why!
COAL & MINING

Opportunities for advanced mining technologies exist only in a few large coal mines. Here's why!

The Indian mining sector has traditionally been dominated by small private companies, small private contractors and government companies. All these buyer classes are extremely price-conscious, an outlook that lowers the significance attached to differentiation based on build quality even when product features are compared. <p></p> <p>(Apart from coal, most open pit mines of other minerals are small and worked on by contractors who usually deploy lower capacity equipment, which is essentially construction equipment, observes <span style="font-weight: bold;">Shib Bhowmik, Country Head, Joy Global India, Komatsu Mining Corp Group.</span> </p> <p>Small private contractors in the coal segment tend to use low technology equipment such as banned water-well drills and excavator-mounted drills, says <span style="font-weight: bold;">Animesh Nandy, Business Line Manager, Drilling Solutions, Epiroc Mining India.</span></p> <p>(Government-owned companies are mandated to follow the government¦s public procurement policy (lowest bidder) and it becomes really difficult for potential users to attach importance to product differentiation based on intrinsic quality and safety aspects, observes Bhowmik. (Specifications are captured and compared but not prioritised over price as long as minimum criteria are met.</p> <p>Thus, (opportunities for advanced mining technologies by and large exist only in a few large coal mines that generate more than half of India's total coal production and a few underground coal and metal mines, notes Bhowmik.</p> <p>Bhowmik cites only commercial coal mining as being a potential driver of advanced mining technology such as high-capacity P&amp;H shovels and loading equipment for open pit mines, and room and pillar mechanised mining equipment for underground coal mines. </p> <p>Going ahead with commercial coal mining plans, introducing mine developers and operators could also help bring in the latest technologies and mine management practices, opines Nandy, as would collaborations with global mining companies, equipment manufacturers, technical experts and scientific and regulatory institutions.</p>

The Indian mining sector has traditionally been dominated by small private companies, small private contractors and government companies. All these buyer classes are extremely price-conscious, an outlook that lowers the significance attached to differentiation based on build quality even when product features are compared. <p></p> <p>(Apart from coal, most open pit mines of other minerals are small and worked on by contractors who usually deploy lower capacity equipment, which is essentially construction equipment, observes <span style="font-weight: bold;">Shib Bhowmik, Country Head, Joy Global India, Komatsu Mining Corp Group.</span> </p> <p>Small private contractors in the coal segment tend to use low technology equipment such as banned water-well drills and excavator-mounted drills, says <span style="font-weight: bold;">Animesh Nandy, Business Line Manager, Drilling Solutions, Epiroc Mining India.</span></p> <p>(Government-owned companies are mandated to follow the government¦s public procurement policy (lowest bidder) and it becomes really difficult for potential users to attach importance to product differentiation based on intrinsic quality and safety aspects, observes Bhowmik. (Specifications are captured and compared but not prioritised over price as long as minimum criteria are met.</p> <p>Thus, (opportunities for advanced mining technologies by and large exist only in a few large coal mines that generate more than half of India's total coal production and a few underground coal and metal mines, notes Bhowmik.</p> <p>Bhowmik cites only commercial coal mining as being a potential driver of advanced mining technology such as high-capacity P&amp;H shovels and loading equipment for open pit mines, and room and pillar mechanised mining equipment for underground coal mines. </p> <p>Going ahead with commercial coal mining plans, introducing mine developers and operators could also help bring in the latest technologies and mine management practices, opines Nandy, as would collaborations with global mining companies, equipment manufacturers, technical experts and scientific and regulatory institutions.</p>

Next Story
Real Estate

Vardhman Amrante to Invest Rs 13.5 Bn in Punjab

Vardhman Amrante, the real estate arm of Oswal Group, has announced plans to invest Rs 13.50 billion in Punjab over the next three years. The investment will span various sectors, including residential, commercial, hospitality, industrial, and allied developments, with a focus on Ludhiana and other rapidly growing regions in the state.Chairman and Managing Director Adish Oswal emphasized the company's commitment to transforming Punjab's urban landscape through high-end projects that set new benchmarks for quality and innovation. The funding for these initiatives will primarily come from intern..

Next Story
Real Estate

Sundaram Home Finance to Raise Rs 60 Bn in FY25

Sundaram Home Finance has announced plans to raise over Rs 60 billion in the current financial year (FY25) to support its expansion strategy. The company will raise the funds through a mix of National Housing Bank refinance, bank debt, debentures, and fixed deposits.The move follows a strong financial performance. Net profit rose by 26 per cent year-on-year to Rs 715.7 million in the January–March 2025 quarter, up from Rs 568 million. Disbursements during the quarter reached Rs 19.29 billion, compared to Rs 14.69 billion in the same period last year.For FY25, total disbursements grew by 29 p..

Next Story
Real Estate

UP Targets 6 Mn Rural Homes by FY26

The Uttar Pradesh government has set an ambitious goal to construct 6 million (60 lakh) rural homes under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) by the fiscal year 2025–26. This initiative aims to address both the existing housing backlog and accommodate new eligible families identified through updated surveys.As of now, approximately 4.5 million (45 lakh) homes have been built under the scheme in the state. The remaining 1.5 million (15 lakh) homes will cover both pending constructions and new beneficiaries identified through the Awas+ survey conducted in 2018.The PMAY-G scheme, lau..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?