Coal Ministry issues orders for 22 Coal Mines to successful bidders

The successful bidders of coal blocks under a commercial coal mine auction here today have received vesting orders for 22 coal mines from the Nominated Authority, Ministry of Coal.

The Coal Mines (Special Provisions) Act, 2015 governs 11 of the 22 coal mines, while the Mines & Minerals (Development and Regulation) Act, 1957 governs the remaining mines. Six coal mines are only half explored, compared to 16 fully explored mines.

22 coal mines have a combined peak rated capacity (PRC) of 53 million tonnes per annum (MTPA) and have geological reserves of about 6,379.78 million tonnes (MT). These mines are projected to bring in an annual revenue of Rs. 9,831 crores and Rs. 7,929 crores in capital expenditure. Approximately 71,467 people will be employed directly and indirectly as a result of it.

As of now, the Ministry of Coal has issued vesting orders for 73 coal mines that have been subject to commercial bids and have a combined PRC of 149.304 MTPA. The State Governments will receive an annual revenue of Rs. 23,097.64 crores as a result of this, and 2,01,847 individuals will have the opportunity to find both direct and indirect work as a result.