Ministry of Coal issues vesting orders for 22 coal mines under commercial auction

New Delhi: In a statement on Thursday, the Ministry of Coal stated that it has issued Vesting Orders for 22 coal mines to successful bidders of coal blocks under the commercial coal mine auction. Among the 22 mines, eleven fall under the Coal Mines (Special Provisions) Act, 2015, while the remaining are governed by the Mines and Minerals (Development and Regulation) Act, 1957. Sixteen of the coal mines are fully explored, while six are partially explored, the statement added.

These 22 coal mines have a PRC of 53 MTPA

These 22 coal mines have a cumulative peak rated capacity (PRC) of 53 million tonnes per annum (MTPA) and possess approximately 6,379.78 million tonnes (MT) of Geological Reserves, said the statement. The statement also added that these mines will generate an annual revenue of Rs 9,831 crores and attract capital investment of Rs 7,929 crores. Furthermore, they are expected to provide employment opportunities to approximately 71,467 people, both directly and indirectly.

Coal Ministry issued vesting orders for a total of 73 coal mines through commercial auctions

Further, the statement noted that with the issuance of vesting orders for these 22 coal mines, the Ministry of Coal has now issued vesting orders for a total of 73 coal mines through commercial auctions. These mines have a cumulative PRC of 149.304 MTPA. This significant development will contribute to the generation of annual revenue of Rs 23,097.64 crores for the respective state governments and create employment opportunities for approximately 2,01,847 individuals, both directly and indirectly, it added.

The commercial coal mine auction is part of the government's efforts to attract investment and enhance the coal sector's productivity. The allocation of these coal mines will not only boost the country's coal production capacity but also contribute to economic growth and employment generation in the mining sector.

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