The Ministry of Coal had launched the auction of coal mines for commercial mining under second attempt of 4th Tranche of CMSP Act & MMDR Act and 5th Tranche of CMSP Act & MMDR Act on March 30, 2022. On the 1st and 2nd day of the e-auction, cumulative 10 coal mines were put up for auction of which 5 coal mines were CMSP coal mines and 5 coal mines were MMDR coal mines. The details of the coal mines are as under: –
- Seven coal mines are fully explored coal mines and 3 coal mines are partially explored coal mines
- The total geological reserves for these 10 coal mines are 3,445.76 Million Tonnes.
- Cumulative Peak Rate Capacity (PRC) for these coal mines is around 39.31 MTPA.
The results for Day 1 and Day 2 are as under:
|
S. No. |
Name of the Mine |
State |
PRC (mtpa) |
Geological Reserves (MT) |
Closing Bid Submitted by |
Reserve Price (%) |
Final Offer (%) |
|
1 |
Sursa |
Chhattisgarh |
NA |
72.55 |
Madhya Bharat Minerals Private Limited/333702 |
4.00 |
5.50 |
|
2 |
Dahegaon/Makardhokra-IV |
Maharashtra |
1.61 |
121.00 |
Avassa Ferro Alloys Private Limited/332977 |
4.00 |
5.50 |
|
3 |
Basantpur |
Jharkhand |
NA |
200.00 |
Gangaramchak Mining Private Limited/148095 |
4.00 |
5.00 |
|
4 |
Bandha North |
Madhya Pradesh |
NA |
500.00 |
Jaiprakash Power Ventures Limited/64702 |
4.00 |
15.75 |
|
5 |
Marki Mangli-IV |
Maharashtra |
0.20 |
3.42 |
Sobhagya Mercantile Limited/321854 |
4.00 |
6.00 |
|
6 |
Jitpur |
Jharkhand |
2.50 |
81.10 |
Terri Mining Private Limited/327195 |
4.00 |
7.00 |
|
7-8 |
Rampia & Dip Side of Rampia |
Odisha |
15.00 |
1179.41 |
Jhar Mineral Resources Private Limited/231029 |
4.50 |
9.50 |
|
9-10 |
Ghogharpalli & Its Dip Extension |
Odisha |
20.00 |
1,288.28 |
Vedanta Limited/68522 |
4.00 |
23.00 |
Under the commercial coal mining auction process a total of 57 coal mines, including the above 10 coal mines auctioned in Second Attempt of Tranche-4 and Tranche-5, have been successfully auctioned till date with a total cumulative PRC of 140.75 MTPA.
With operationalization of these mines private sector will have a significant share in domestic coal production and dependency on imported coal will reduce. The commercial auctions will generate a huge revenue to the government treasury and will help in the social development of population surrounding the coal bearing areas.
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AKN/RKP