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Gujarat NRE Coke’s Australian arm to start long wall mining at NRE No 1 mine

28 Mar 2012 Evaluate

Gujarat NRE Coke’s Australian subsidiary -Gujarat NRE Coking Coal- has received Subsidence Management Plan (SMP) approval from the NSW Government, Australia to start the long wall mining at its NRE No 1 mine. The company has been working closely with various departmental agencies to ensure that the SMP approval is received in a timely manner and on receipt of the same, the company is also actively working with departmental agencies to ensure that all the approval which include measure to protect the environment and built features are fully complied with.

Gujarat NRE Coke is the only Indian company with coking coal mines in Australia having over 650 million tones of Coking Coal resources with excellent coking properties. The coal mines are owned through its subsidiary- Gujarat NRE Coking Coal, listed on the ASX.

Peers
Company Name CMP
Petronet LNG 279.40
Bharat Coking Coal 36.29
Linde India 7167.00
Refex Industries 259.15
IRM Energy 238.70
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