BSE: COALINDIA
NSE: COALINDIA
Headquarters:
India
Sector:
Coal
Government Ownership:
Majority State Ownership (India)
Pre-tax Revenues (in BUSD):
12.62 (31/03/2016)
Number of employees:
322,404 (31/03/2016)
Number of workers
(employees + contract workers):
not reported
Company-reported mining worker fatalities:
  • 2015 |
    Workers: 38
  • 2016 |
    Workers: 56
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary Results

Coal India’s strongest performances are found in Business Conduct and Working Conditions. In Business Conduct, the company’s performance is driven mostly by its commitment to prevent bribery and corruption as well as its assignment of senior management responsibilities and accountabilities to carry out this commitment. In Working Conditions, the company’s performance stems from its attention to occupational health and safety. Coal India has formalised its commitment to provide safe and healthy working conditions, and has assigned responsibility and accountability within senior management as well as providing resources to carry out this commitment. The company also shows some evidence of systematically tracking and reviewing of its performance on occupational health and safety.

While Coal India does not rank among the ten strongest performing companies for any thematic area, its result on one indicator sets it among the two best performing companies for this topic, namely the management of noise and vibration impacts. The company has systems in place to ensure its operations regularly assess the noise and vibration levels generated by their activities, and develop strategies to reduce these impacts.

However, Coal India’s overall results are limited by a relative lack of evidence on Economic Development and Community Wellbeing; this includes a lack of evidence of developing procurement opportunities for producing country suppliers beyond those located near its mine sites, and a lack of evidence of systematic action on human rights issues. While the company has made some level of commitment to respect human rights, it shows no evidence of undertaking human rights due diligence or reporting on its management of human rights issues.

Economic Development

0.074 / 1.000

Business Conduct

0.288 / 1.000

Lifecycle Management

0.113 / 1.000

Community Wellbeing

0.101 / 1.000

Working Conditions

0.410 / 1.000

Environmental Responsibility

0.193 / 1.000

The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.

All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.

Relative company performance

Commitment (11 indicators)

Action (41 indicators)

Effectiveness (21 indicators)

1.000 = aggregation of best scores for all indicators of this measurement area.

Indicator-by-indicator results

Economic Development

Selected Mine sites results

Mine sites individually assessed but not included
in the overall company score

Mine Site NameLocal Procurement (score /6.00)Local Employment (score /6.00)Community grievance mechanism (score /6.00)Workers grievance mechanism (score /6.00)Water quality and quantity (score /6.00)Biodiversity management (score /6.00)Mine site (score /6.00)
Ananta0000200.33
Dipka0000200.33
Gevra0000200.33
Jayant0000000.00
Nigahi0000000.00

List of all mine sites

Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
AnantaTalcherIndia100CoalOpen-pit
BCCL 13 Underground MinesIndia100CoalUnderground
BCCL 17 Mixed MinesIndia100CoalOpen-pit, Underground
BCCL 18 Open-cast MinesIndia100CoalOpen-pit
CCL 2 Mixed MinesIndia100CoalOpen-pit, Underground
CCL 21 Underground MinesIndia100CoalUnderground
CCL 42 Open-cast MinesIndia100CoalOpen-pit
DipkaKorbaIndia100CoalOpen-pit
ECL 18 Open-cast MinesIndia100CoalOpen-pit
ECL 8 Mixed MinesIndia100CoalOpen-pit, Underground
ECL 80 Underground MinesIndia100CoalUnderground
GevraKorbaIndia100CoalOpen-pit
JayantIndia100CoalOpen-pit
MCL 10 Underground MinesIndia100CoalUnderground
MCL 18 Open-cast MinesIndia100CoalOpen-pit
NCL 10 Open-cast MinesIndia100CoalOpen-pit
NEC 1 Underground MineIndia100CoalUnderground
NEC 3 Open-cast MinesIndia100CoalOpen-pit
NigahiIndia100CoalOpen-pit
SECL 1 Mixed MineIndia100CoalOpen-pit, Underground
SECL 22 Open-cast MinesIndia100CoalOpen-pit
SECL 63 Underground MinesIndia100CoalUnderground
WCL 2 Mixed MinesIndia100CoalOpen-pit, Underground
WCL 39 Underground MinesIndia100CoalUnderground
WCL 45 Open-cast MinesIndia100CoalOpen-pit

Main Shareholders

As of: 30/03/2018Shares (%)
Government of India78.55
Life Insurance Corporation of India8.33
LIC Mutual Fund Asset Management Company Ltd.1.33
The Vanguard Group, Inc.0.7
Goldman Sachs Asset Management (India) Private Ltd.0.47
BlackRock Institutional Trust Company, N.A.0.38
HDFC Asset Management Co., Ltd.0.24
Eastspring Investments (Singapore) Limited0.24
SBI Funds Management Pvt. Ltd.0.22
ICICI Prudential Asset Management Co. Ltd.0.18
JPMorgan Asset Management U.K. Limited0.18
Baron Capital Management, Inc.0.15
Standard Life Investments Ltd.0.1
UTI Asset Management Co. Ltd.0.08
BlackRock Investment Management, LLC0.07

Known Subsidiaries

As of: 31/03/2017Country
Bharat Coking Coal Ltd.India
Central Coalfields Ltd.India
Central Mine Planning and Design Institute Ltd.India
CIL NTPC Urja Private Ltd.India
Coal India Africana LimitadaMozambique
Eastern Coalfields Ltd.India
Hindustan Urvarak and Rasayan LimitedIndia
International Coal Ventures Private Ltd.India
Mahanadi Coalfields Ltd.India
Northern Coalfields Ltd.India
Rashtrya Coal Gas Fertilizers Ltd.India
South Eastern Coalfields Ltd.India
Talcher Fertilizers Limited India
Western Coalfields Ltd.India

Known Tax Jurisdictions

IndiaMozambique

Recent involvements in Investor/State investment disputes (since 2014)

No case

Disclaimer

The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.

This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.

The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.

It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.

Although every effort has been made to verify the accuracy of translations, the English language version should be taken as the definitive version. The RMI reserves the right to publish corrigenda on its web page, and readers of the 2018 RMI report should consult the web page for corrections or clarifications https://www.responsibleminingindex.org.