Home » COAL » Ministry of Coal Releases Discussion Paper on Auction of Coal Mines for Sale of Coal

Ministry of Coal Releases Discussion Paper on Auction of Coal Mines for Sale of Coal

Moving ahead after the recent amendments MMDR Act 1957 and the CMSP Act 2015,the Ministry of Coal is initiating the process for auction of coal mines for sale of coal.Expected to be held in multiple tranches, the first tranche is proposed to be launched in the current financial year. The Union Ministerfor Coal and Mines ShriPralhad Joshi said that this is a historic step towards Ease of Doing Business and democratization of coal and mining sectors.

A Discussion Paper containing the draft methodology and key bidding terms and conditions on the auction of coal mines for sale of coal has been uploaded on https://www.coal.nic.in/ and  https://www.coal.nic.in/content/nominated-authority.  A tentative list of mines along with mine-specific details  are also provided at https://coalblock-is.cmpdi.co.in/pages/dashboard.php

The Ministry of Coalhas urged interested stakeholders to view the Discussion Paper and the mine specific details and submit their views/ suggestions, indicate their preferences for the mines to be considered for auction under the first tranche, as per the instructions provided in the Discussion Paper.

The Ordinance promulgated last week, amended the CM(SP) Act, 2015 and MMDR Act, 1957,whereby the restriction on prior experience in coal mining was removed thus enabling wider participation in auction of coal mines. Further, the Ordinance also enables auction of unexplored and partially explored coal blocks for mining through prospecting license-cum-mining Lease (PL-cum-ML).These steps are expected to result in opening up of the coal sector completely for commercial mining to local as well as global firms. This would further boost economic growth and employment generation.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Allocation of 5 Coal Mines Approved

The Ministry of Coal, after a long gap of 4 years, has approved the allocation ...

Government mops up Rs. 203221 crore revenue from Coal India Limited since FY 2013-14: Shri Pralhad Joshi

The Government has collected Rs. 203221.12 crore in revenue from Coal India Limited (CIL) in ...

Exploration of 37 and drilling of 121 non-CIL coal blocks this year; Country to produce810 MT of coal in FY 20 : Shri Pralhad Joshi

The government has planned exploration of 37 coal blocks and 10 lignite blocks along with ...

Coal Minister announces 300% increase in  Ex-Gratia  for fatal Coal Mine Accidents

The Minister of Coal and Mines, Shri Pralhad Joshi announced 300 per cent hike in ...

Interdisciplinary Centre for Energy Research dedicated to the Nation

Union Minister of Science & Technology, Dr.  Harsh Vardhan, today inaugurated the National Centre for ...

Coal Production during April-February 2018-19 

The coal production during April-February 2018-19 was 638.46 MT as compared to 591.42 MT during ...

Production, Supply and Import of Coal 

As per International Energy Agency (IEA), India was the third largest coal producer in the ...

Coal Production

In 2018-19 (up to 30.11.2018), Coal India Limited (CIL) supplied 315.94 Million Tonnes (MT) of ...

Coal Linkage Rationalization

In 2017, CIL has done source rationalization of 12 state owned power plants based on ...

CIL Coal Production has Increased by 105 MT (Approx) During the Last Four Years

 The CIL coal production has increased by 105 MT (approx) during the last four years ...

WP2Social Auto Publish Powered By : XYZScripts.com