Day -1 of Commercial Coal Mine Auction – 4th Tranche

IAS Prelims 2023


Ministry of Coal had launched the auction of coal mines for commercial mining under 14th Tranche of CMSP Act and 4th Tranche of MMDR Act on December 16, 2021. On the 1stday of the e-auction, four coal mines( under CMSP Act) were put up for  auction and the details of the  mines are as under: –

  • All four  coal mines are fully explored coal mines
  • The total geological reserves for these coal mines are 498.10 Million Tonnes.
  • Cumulative PRC for these coal mines is 10.76 MT per year.

The results for Day 1 are as under:

S. No.

Name of the Mine

State

PRC (mtpa)

Geological Reserves (MT)

Closing Bid Submitted by

Reserve Price (%)

Final Offer (%)

1

Rabodih OCP

Jharkhand

2.50

133.17

Twenty First Century Mining Private Limited / 242211

4.00

6.00

2

Chinora

Maharashtra

0.256

17.85

BS Ispat Ltd / 64979

4.00

53.00

3-4

Utkal B1 & Utkal B2

Odisha

8.00

347.08

Jindal Steel and Power Limited / 64898

4.00

15.25

.*****

MV/AKN/RKP                                                                                             

 



    Source PIB