Five Coal Mines of Four States Auctioned Under 4th Tranche of Commercial Auction

Coal Ministry Auctions 47 Mines Successfully So Far

The Ministry of Coal had launched the Notice Inviting Tender (NIT) for the auction of coal mines for commercial mining under the 14^th Tranche of CM(SP) Act, 2015, and 4^th Tranche of MMDR Act, 1957 on December 16, 2021. During the e-auction conducted on the MSTC platform on March 31^st and April 01^st, 2022, cumulatively five CMSP coal mines were put up for auction. A summary of these  coal mines is as under:

• All five coal mines are fully explored coal mines.
• The total geological reserves for these five coal mines are 665.08 Million Ton(MT).
• The cumulative PRC for these coal mines is 14.756 MT per annum.