Blasting stopped at New Akashkinaree Colliery after land subsidence

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AI summary

DGMS has withdrawn permission for deep-hole blasting at New Akashkinaree Colliery (NAKC) in Govindpur Area due to land subsidence at Chhatabad over the abandoned IX Seam underground workings. District Disaster Management Authority in Dhanbad also ordered a halt to blasting and mining until a scientific safety study is done. The affected land belongs to BCCL, which is conducting the required study and seeking fresh DGMS approval.

Likely market impact

Blasting halt at one colliery may affect near-term coal output until studies are done and DGMS approval is restored.