The Supreme Court has dismissed Jindal Steel Power Ltd's appeal to stop the development of the Chhendipada coal mine in Odisha. Rungta Sons, the highest bidder in an eauction of commercial coal mines, was granted the coal block. JSPL claimed that technical glitches on the MSTC portal prevented them from submitting a higher bid.
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On March 29, 2023, the Ministry of Coal is launching the process for7th round of auctions for a total of 106 coal blocks. The coal mines on offer are selected considering the varied demands of the investors. The Ministry of Coal is committed to attain selfsufficiency in the area of coal, for economic growth and development of the nation. ****
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So on March 25, when launching auctions for the second tranche of commercial coal mining, the highest number of mines on offer in a particular tranche of auction after commencement of the auction ...
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The auction process of 4 coal mines (ChendipadaChendipadaII, Kuraloi (A) North and Seregarha) for sale of coal was launched by the Nominated Authority, Ministry of Coal on December 09, 2020. This was the second attempt of auction for these coal mines, for which the process was annulled in first attempt due to number of Technically Qualified ...
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The Ministry of Coal and the Ministry of Mines jointly held the Investors' conclave on commercial coal mines auction and opportunities in mining sector on 3rd December, in Bengaluru where Union Minister of Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi was the Chair, Chief Minister of Karnataka, Shri Basavaraj Somappa Bommai was the Chief Guest, and Minister of Mines Geology for ...
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The online bids received as part of the auction process will be opened on Tuesday from 10 AM onwards in the presence of interested prospective bidders, coal ministry said in a statement. According to the coal ministry statement, a total of 28 offline bids were received against 15 coal mines under fifth tranche of commercial mines' auction.
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Commercial coal mining auctions are completely different from the earlier regime of restricted sectors, use and price. Now, there are no such restrictions at all. ... Ministry of Coal has now launched the auction process of 24 new coal mines (9new mines under Tranche 14 of CM(SP) Act and 15 new mines under the Tranche 4 of MMDR Act).
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Competent Authority has approved the methodology for auction of coal mines/blocks identified under the relevant Act for sale of coal as mentioned in para 2 below: Methodology and other conditions for auction of coal mines for sale of coal: Applicability: It shall be applicable on auction of all fully explored coal blocks/mines ...
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Ministry of Coal has launched 6th tranche and second attempt of 5th tranche of commercial coal / lignite mine auction on In this tranche, 141 mines are offered, out of which 133 are offered under 6th tranche and 8 are offered under second attempt of 5th tranche. Of 133 mines offered under 6th tranche, 29 mines are under CM (SP) Act ...
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5 th round of commercial mining launched on March 30, 2022 offering 109 coal/ lignite mines along with Second attempt of 4 th round and Second attempt of 3 rd round of commercial auction offering 4 coal mines and 9 coal mines respectively. A total of 17 coal mines with PRC of 51 MTPA has been successfully auctioned under these three tranches.
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The auction process of 141 coal/lignite mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on November 03, 2022. The last date of submission of Technical Bid for all the coal was January 30, 2023.
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The auction process for total 44 noncoal mines have been annulled in last three years by respective state governments for reasons such as low quality of mineral, low quality of exploration data, land acquisition issues, demand supply scenario of Indian mineral industry, and high benchmark auction prices. ...
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The 2015 Bill primarily seeks to allocate the coal mines that were declared illegal by the Supreme Court. It provides details for the auction process, compensation for the prior allottees, the process for transfer of mines and details of authorities that would conduct the auction. In December 2014, the ministry notified the Coal Mines (Special ...
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The auction of coal mines is a twostage electronic auction process. Bids received are examined through technical scrutiny. Once the bids are qualified, the next auction is conducted on an online platform. The coal ministry has a project management unit to assist in expediting clearances for such mines. ( Originally published on Mar 01, 2023 )
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Commercial Auction of coal on revenue share mechanism: Since Launch of auction of coal mines for commercial mining in June 2020, a total of 4 rounds of auction have been conducted in which total 292 coal mines were offered. In 3 rounds, 42 coal mines have been successfully auctioned. Further, in respect of 4 th round of auction, bids were ...
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Auction of coal mines for sale of coal is proposed to be held in multiple tranches. A tentative list of mines proposed to be auctioned along with mine specific details is provided at https:///pages/ Stakeholders concerned are requested to submit/indicate the following by 1600 hours on January 31, 2020:
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Over 40 new coal blocks having about 10% of reserve of Chhattisgarh has been decided to be kept out of coal mining. Nine coal mines falling in dense HasdeoArand coal field have also been kept out for further round of auctions of coal blocks. Similarly, the request of Government of Tamil Nadu for exclusion of three lignite mines from further ...
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New Delhi: The Ministry of Mines has announced the government's plan to conduct the first tranche auction of critical and strategic minerals on November 29, 2023. Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi will be launching the firstever critical minerals auction process.
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The auction process of 88 mines for sale of coal was launched by the Ministry of Coal on October 12, according to an official statement."A total of 53 bids have been received for 20 coal mines of which 16 are fully explored mines and four are partially explored mines," it said. Two of these mines are coking coal blocks and the remaining 18 mines are noncoking coal blocks.
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New Delhi: The Ministry of Coal on Wednesday launched the eighth round of commercial coal mines auction process. A total of 39 coal mines are on offer, said officials. "Today Union Coal Minister Pralhad Joshi started the 8th round of commercial coal mines auction. In this total 39 coal blocks are offered. Out of this, 35 coal blocks are being offered for the first time and the other 4 have ...
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