Ministry of Coal had launched the auctions of coal mines for commercial mining under 6^th round and second attempt of 5^th round on November 03, 2022. Forward auctions for these mines have been started on 27.02.2023 and on the 2^nd day of the e-auction, 6 coal mines were put up for auction of which 3 coal mines were CMSP coal mines and 3 coal mines were MMDR coal mines. Further details of the coal mines are as under: -

• 5 coal mines are fully explored coal mines and 1 coal mine is partially explored coal mine;
• The total geological reserves for these 6 coal mines are ~ 488 Million Tonnes.
• Cumulative PRC for these coal mines is 9.4 MTPA (excluding Partially Explored Binja Coal Mine)

The results for Day 2 are as under:

S. No.	Name of the Mine	State	PRC (MTPA)	Geological Reserves (MT)	Closing Bid Submitted by	Floor Price (%)	Final Offer (%)
1	Binja	Jharkhand	NA	50.00	Assam Mineral Development Corporation Limited	4.00%	21.25%
2	Burakhap Small Patch	Jharkhand	0.40	9.68	Shreesatya Mines Private Limited	4.00%	45.50%
3	Dahegaon Gowari	Maharashtra	0.50	162.79	Ambuja Cements Limited	4.00%	5.50%
4-5	Gare Palma Sector IV/2 and Gare Palma Sector IV/3	Chhattisgarh	7.00	186.86	E-auction going on
6	Marwatola VI	Madhya Pradesh	1.50	78.99	E-auction going on

.*For Marwatola VI, Gare Palma Sector IV/2 and Gare Palma Sector IV/3 coal mines, the e-auction process was going on.

These coal mines upon operationalization will generate Annual Revenue of ~Rs. 334 crores calculated at PRC of these coal mines (excluding Marwatola VI, Gare Palma Sector IV/2 and Gare Palma Sector IV/3 Coal Mines and Partially Explored Binja coal mine). These mines will attract capital investment of ~Rs. 1,410 crores and will provide employment to ~12,709 people.

 

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