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Day – 2 of Commercial Coal Mine Auction – 2nd tranche

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Ministry of Coal

Day – 2 of Commercial Coal Mine Auction – 2nd tranche


Posted On:
03 AUG 2021 9:15PM by PIB Delhi

Ministry of Coal had launched the 2nd tranche of auction of coal mines for commercial mining on March 25, 2021.

  • Two coal mines (one mine each in Maharashtra and Jharkhand) were up for electronic auction on Day 2 of auction. Bhivkund in Maharashtra is Fully Explored Mine with Geological Reserves of 102.26 MT and PRC of 0.72 MTPA while Rauta Closed Mine in Jharkhand is a Partially Explored Mine with Geological Reserves of 7 MT.
  • The blocks put on auction by Ministry of Coal saw intense competition from bidders who had submitted their bids for these blocks.
  • The technical bids submitted by the bidders were evaluated and the list of Technically Qualified Bidders was published. Pursuant to this, Ministry of Coal has commenced the electronic auction of the coal mines from August 02, 2021.  The e-auction process for all the mines will be completed by August 04, 2021.

The results for Day – 2 are as under:

S. No.

Name of the Mine

State

Status of Exploration

PRC (MTPA)

Geological Reserves (MT)

Preferred Bidder

Reserve Price (%)

Final Offer (%)

Annual Revenue Generated (Rs. Cr.)

1

Bhivkund

Maharashtra

Explored

0.72

102.26

Sunflag Iron & Steel Company Limited

4.00

9.00

79.35

2

Rauta Closed Mine*

Jharkhand

Partially Explored

NA

7.00

Shreesatya Mines Private Limited

4.00

75.50

NA

*This is partially explored coal mines and therefore, the PRC is not available for this mine. Hence, the annual revenue which will be generated from this coal mine cannot be calculated at present.

 

SS/RKP

(Release ID: 1742189)
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