Bharat Coking Coal: DGMS Halts Blasting Operations at Akashkinaree Colliery
Bharat Coking Coal Limited (BCCL) has halted blasting operations at its New Akashkinaree Colliery following a directive from the Directorate General of Mines Safety (DGMS). This action is due to a land subsidence near the colliery. Operations will remain stopped until the area is declared safe after a scientific study and fresh DGMS permission is obtained.
The stoppage of blasting operations at a colliery can impact production and operational efficiency, warranting a medium impact.
The company has been directed to stop blasting operations due to a land subsidence, which is a negative development impacting operations.
Bharat Coking Coal Limited (BCCL) has announced the stoppage of blasting operations at its New Akashkinaree Colliery (NAKC) in the Govindpur Area. The Directorate General of Mines Safety (DGMS) withdrew the permission for controlled deep-hole blasting, citing a land subsidence that occurred near the colliery at Chhatabad.
The subsidence took place over abandoned underground workings of the New Akashkinaree Colliery. DGMS has directed that blasting shall not resume without express written permission. Furthermore, compliance with directives from the District Disaster Management Authority, Dhanbad, is required, which mandates stopping blasting and mining operations until the affected area is declared safe after a scientific study.
BCCL is taking appropriate steps, including conducting the necessary technical study and seeking fresh permission from DGMS at the earliest. The company is complying with the instructions of the concerned authorities.
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Bharat Coking Coal Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bharat Coking Coal Limited. Read the original for the full detail.