Coal mines in India Successfully Auction Ten Coal Mines of Five States in the latest Effort

Coal mines in India Successfully Auction Ten Coal Mines of Five States in the latest Effort. Combined Coal Reserves Likely to Be 1716.21 Million Ton. Fortytwo Mines Auctioned So far Under Commercial Coal Mine Auctioning.

Coal mines in India Successfully Auction Ten Coal Mines of Five States in the latest Effort

Ministry of Coal had launched the auction of coal mines for commercial mining under the 13th Tranche of CMSP Act and the 3rd Tranche of 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 the remaining four were MMDR coal mines. 

Details of all the Coal mines in India 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.
• The cumulative PRC for these coal mines is 22.014 MTPA.

The mine-wise details are as below:

S. No	Name of the State	Name of the Mine	Geological Reserves (MT)	PRC (MTPA)	Annual Revenue projected based on the PRC of mine (Rs. Cr.)	Estimated Capital Investment (Rs. Cr.)	Estimated Total Employment
1	Arunachal Pradesh	Nalchik Namphuk	14.970	0.20	422.49	30.00	100**
Sub-Total			14.970	0.20	422.49	30.00	100
2	Assam	Koilajan	0.058	0.004	2.54	0.60	10***
3		Garampani	0.468	0.020	35.90	3.00	10****
Sub-Total			0.526	0.024	38.44	3.60	20
4 & 5	Jharkhand	Brinda & Sasai	61.053	0.680	92.44	102.00	919
Sub-Total			61.053	0.680	92.44	102.00	919
6	Maharashtra	Majra	31.036	0.480	76.26	72.00	649
Sub-Total			31.036	0.480	76.26	72.00	649
7	Odisha	Bankhui*	800.000	NA	NA	NA	NA
8		Bijahan	327.049	5.260	562.49	789.00	7,112
9		Meenakshi	285.230	12.000	1,152.84	1,800.00	16,224
10		Utkal C	196.347	3.370	513.24	505.50	4,556
Sub-Total			1,608.626	20.630	2,228.57	3,094.50	27,892
Total			1,716.211	22.014	2,858.20	3,302.10	29,580

*PRC is not available for the partially explored coal mine.

** Assuming 270 days of operations; ***Assuming 10 days of operations; ****Assuming 60 days of operations.

The cumulative results for the 3rd Tranche of commercial coal mine are as under:

S. No.	Name of the Mine	State	PRC (mtpa)	Geological Reserves (MT)	Closing Bid Submitted by	Reserve Price (%)	Final Offer (%)
1	Bankhui*	Odisha	NA	800.00	Yazdani Steel and Power Limited/ 274545	4.00	18.00
2	Bijahan	Odisha	5.26	327.05	Mahanadi Mines and Minerals Private Limited/ 237318	4.00	14.00
3 & 4	Brinda & Sasai	Jharkhand	0.68	61.05	Dalmia Cement Bharat Limited/ 65013	4.00	8.00
5	Koilajan	Assam	0.004	0.06	Assam Mineral Development Corporation Limited/ 265144	4.00	81.50
6	Meenakshi	Odisha	12.00	285.23	Hindalco Industries Limited/64856	4.00	10.25
7	Garampani	Assam	0.02	0.468	Assam Mineral Development Corporation Limited/265144	4.00	288.25
8	Majra	Maharashtra	0.48	31.036	BS Ispat Limited/64979	4.00	18.25
9	Namchik Namphuk	Arunachal Pradesh	0.20	14.970	Platinum Alloys Private Limited/274153	4.00	344.75
10	Utkal C	Odisha	3.37	196.347	Jindal Steel And Power Limited/64898	4.00	45.00

*PRC is not available for the partially explored coal mine.

The above 10 coal mines auctioned

Under the commercial coal mining auction process a total of 42 coal mines, including the above 10 coal mines auctioned in Tranche-3, have been successfully auctioned to date with a total cumulative PRC of 86.404 MTPA.

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