Coal Ministry auctions 10 coal mines of 5 States

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Union Ministry of Coal has auctioned 10 coal mines of 5 States. The auction process for commercial mining under 13th Tranche of CMSP Act and 3rd Tranche of MMDR Act had commenced on October 12, 2021.

During the e-auction, cumulatively 10 coal mines were put up for auction. Of these, six coal mines were CMSP coal mines and remaining four were MMDR coal mines. Details of all the coal mines are as under:-

  • Nine  coal mines are fully explored  and one is partially explored
  • The total geological reserves for these mines are 1,716.211 Million Ton.
  • Cumulative PRC for these coal mines is 22.014 MTPA.

The mine-wise details as below:

S. NoName of the StateName of the MineGeological Reserves (MT)PRC(MTPA)Annual Revenue projected based on the PRC of mine (Rs. Cr.)Estimated Capital Investment (Rs. Cr.)Estimated Total Employment
1Arunachal PradeshNamchik Namphuk14.9700.20422.4930.00100**
4 & 5JharkhandBrinda & Sasai61.0530.68092.44102.00919
10Utkal C196.3473.370513.24505.504,556

*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 MineStatePRC (mtpa)Geological Reserves (MT)Closing Bid Submitted byReserve Price (%)Final Offer (%)
1Bankhui*OdishaNA800.00Yazdani Steel and Power Limited/ 2745454.0018.00
2BijahanOdisha5.26327.05Mahanadi Mines andMinerals Private Limited/ 2373184.0014.00
3 & 4Brinda & SasaiJharkhand0.6861.05Dalmia Cement BharatLimited/ 650134.008.00
5KoilajanAssam0.0040.06Assam Mineral Development Corporation Limited/ 2651444.0081.50
6MeenakshiOdisha12.00285.23Hindalco Industries Limited/648564.0010.25
7GarampaniAssam0.020.468Assam Mineral Development Corporation Limited/2651444.00288.25
8MajraMaharashtra0.4831.036BS Ispat Limited/649794.0018.25
9Namchik NamphukArunachal Pradesh0.2014.970Platinum Alloys Private Limited/2741534.00344.75
10Utkal COdisha3.37196.347Jindal Steel And Power Limited/648984.0045.00

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

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 till date with a total cumulative PRC of 86.404 MTPA.

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