Seregarha Mines Limited

The Seregarha Mines Limited is a joint venture company formed by ArcelorMittal (55%) and GVK(45%) to develop the Seregarha coal mine in Latehar district, Jharkhand, India. The coal deposit was allocated to the companies in January 2008 but in July 2011 were warned that they risk losing the coal allocation due to lack of progress in meeting project development milestones.

On its website GVK states that the Sereghara mine block has "mine-able reserves" of "100 million tonnes." However, in a February 2011 investor presentation GVK stated that its share of coal reserves in the mine amounted to 66.7 million tonnes.

GVK states that 1 million tonnes per annum of coal from the mine is to be supplied to the Goindwal Sahib Thermal Power Plant.

Related SourceWatch articles

 * India and coal