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

New Delhi : 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.

The details of the coal mines are provided below:

S. No	Name of the State	Name of the Mine	Geological Reserves (MT)	PRC (MTPA)	Annual Revenue projected based on the PRC of mine (Rs. Cr.)	Estimated Capital Investment (Rs. Cr.)	Estimated Total Employment
1	Chhattisgarh	Gare Palma IV/6	166.98	4.000	1255.66	600.00	5408
2	Jharkhand	Rabodih OCP	133.17	2.500	367.10	375.00	3380
3	Maharashtra	Chinora	17.85	0.256	62.26	38.40	346
4 & 5	Odisha	Utkal B1 & B2	347.08	8.000	1107.05	1200.00	10,816
Total			665.08	14.756	2,792.07	2,213.40	19,950

The cumulative results for the 4^th Tranche of commercial coal mine auction are as under:

S. No.	Name of the Mine	State	PRC (mtpa)	Geological Reserves (MT)	Closing Bid Submitted by	Reserve Price (%)	Final Offer (%)
1	Gare Palma IV/6	Chhatisgarh	4.000	166.98	Jindal Steel And Power Limited/64898	4.00	85.25
2	Rabodih OCP	Jharkhand	2.500	133.17	Twenty First Century Mining Private Limited/242211	4.00	6.00
3	Chinora	Maharashtra	0.256	17.85	BS Ispat Limited/64979	4.00	53.00
4 & 5	Utkal B1 & B2	Odisha	8.000	347.08	Jindal Steel and Power Limited/64898	4.00	15.25

Under the commercial coal mining auction process a total of 47 coal mines, including the above five coal mines auctioned in Tranche-4, have been successfully auctioned so far with a total cumulative PRC of 101.440 million ton per annum.