Speed Post News Network
New Delhi : Coal Ministry has successfully auctioned ten Coal Mines of Five States in the latest effort. altogether Fortytwo Mines have been auctioned so far Under Commercial Coal Mine Auctioning.
The Ministry of Coal had launched the auction of coal mines for commercial mining under 13th Tranche of Coal Mimes ( Special Provisions) (CMSP) Act and 3rd Tranche of Mines and Minerals ( Development & Regulation) Act ( MMDR Act) on October 12, 2021. During the e-auction, cumulatively 10 coal mines were put up for auction of which six coal mines were CMSP coal mines and remaing four were MMDR coal mines, according to a PIB release.
Under the commercial coal mining auction process a total of 42 coal mines including the aforesaid 10 coal mines auctioned in Tranche-3, have been successfully auctioned till date with a total cumulative PRC of 86.404 MTPA.
Details of all the coal mines are as under:-
- Nine coal mines are fully explored and one mine is partially explored ;
- The total geological reserves for these mines are 1,716.211 Million Ton.
- Cumulative PRC for these coal mines is 22.014 MTPA.