Ministry of Coal had launched the auctions of coal mines for commercial mining under 9^th round on December 20, 2023 and 8^th round on November 15, 2023. After evaluation of bids, forward e-auctions for thirteen mines were commenced from 12.03.2024.

On the First day, 8 coal mines were put up for auction of which 5 coal mine were CMSP coal mine and 3 coal mines were MMDR coal mines. Four of the eight mines are fully explored while the other four mines are partially explored coal mines. The total geological reserves for these 8 coal mines are 1,721.44 Million Tonnes. Cumulative PRC for these coal mines is 4.20 MTPA.

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	Mahan	Madhya Pradesh	1.20	107.41	JK Cement Ltd	4.00	6.50
2	Mara II Mahan	Madhya Pradesh	NA	955.96	Mahan Energen Ltd	4.00	6.00
3	Thesgora-B/Rudrapuri	Madhya Pradesh	1.00	45.04	Sunflag Iron and Steel Company Limited	4.00	7.00
4	Binodpur Bhabhaniganj	West Bengal	NA	198.57	JMS Mining Private Limited	4.00	18.25
5	Marki-Zari-Zamani-Adkoli	Maharashtra	1.00	21.76	Nilkanth Infra Mining Limited	4.00	22.00
6	Dumri	Jharkhand	1.00	55.99	S M Steels and Powver Limited	4.00	41.00
7	Duni Central	Jharkhand	NA	45.00	Bull Mining Private Limited	4.00	40.00
8	South of Damuda	Jharkhand	NA	291.71	Rungta Sons Private Limited	4.00	21.25

 

These coal mines upon operationalization will generate Annual Revenue of ~Rs. 652 crores calculated at PRC of these coal mines (excluding Partially Explored coal mines). These mines will attract capital investment of ~Rs. 630 crores and will provide employment to ~5,678 people.

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BY/ST

(Release ID: 2013823)