Weekly Current Affairs: Week 4 - June 2022 (37 Topics)
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Coal India explores green mining bets
Context
Coal India Ltd (CIL) recently said that it is looking at green mining options to lessen any adverse environmental impact by leveraging a slew of eco-friendly technologies in both underground and open cast mining.
About
- The state-run miner is exploring the feasibility of sharply ramping up its underground mining production to 100 million tonnes (MT) by FY30 from 25.6 MT in FY22. Underground mining is minimally invasive on land degradation.
- Around 70% of the country’s coal reserves are conducive for underground mining.
What is green technology?
- Green technology refers to technology that limits or reverses the effects of human activity on the planet.
- In mining, green technology refers to technology that will reduce carbon emissions in operations and mitigate adverse environmental impacts.
- It includes the use of minerals and metals that support a transition to low-carbon technologies such as solar panels or wind power.
How does technology impact mining operations?
- Technology can have a number of impacts on mining operations, including safety and productivity, environmental protection and opportunities for women.
- Safer working conditions through improved underground communication, automation, more sophisticated mineral and metal transportation, and emergency response measures are achieved by integrating technology into mining projects.
How can developing countries improve environmental sustainability through tech in mining?
- Developing countries often receive foreign direct investment for large-scale mining operations.
- This foreign investment is arriving with more technology to increase productivity during the mining concession period.
- Governments need to remain up to date in the latest innovations and changes brought to their jurisdictions to ensure that increased productivity comes with balanced with economic and social benefits over the life of the mine.
About Coal India Limited (CIL):
- Coal India Limited (CIL) the state-owned coal mining corporate came into being in November 1975.
- With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL, today is the single largest coal producer in the world and one of the largest corporate employer.
- Indian Institute of Coal Management (IICM) as a state-of-the-art Management Training ‘Centre of Excellence’, the largest Corporate Training Institute in India operates under CIL and conducts multi-disciplinary programmes.
- CIL is a Maharatna company is a privileged status conferred by the Government of India to select state-owned enterprises in order to empower them to expand their operations and emerge as global giants.
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