INTERNATIONAL COAL NEWS

Gujarat workers second in line after ATO

THE fate of the outstanding pay for 500 Gujarat NRE Coking Coal employees may rest on the company...

Lou Caruana

This article is 12 years old. Images might not display.

A meeting of unions and employees last week is believed to have given the company a Tuesday deadline before stoppages would occur.

After waiting for a shareholders’ meeting last week to approve the $65 million capital injection by Gujarat’s major shareholder Jindal Steel, employees are still no closer to knowing when they will receive the outstanding wages.

The deal will leave Gujarat with $18 million in additional capital to use to pay off its creditors.

After the meeting, Gujarat issued a statement saying: “The company will make the necessary arrangements to pay all workers at both its mines, their wages and monies owing to them. No specific date can be set for these payments, except to say it will be made as soon and as early as possible.”

Chairman Arun Jagatramka was reportedly also unable to say when wages would be paid, according to the Illawarra Mercury.

“As a board, we will be meeting after this meeting and we will be discussing these things.” Jagatramka reportedly said.

“I believe we should be able to come out with a statement in the next few days.

“The thing is, we have sort out many things, before we actually start working.”

TOPICS:

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

Future Fleets Insights 2026

Mining IQ Insights delivers annual standalone reports that expand upon the most relevant discussion points in the mining sector.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.