Following revisions have been made in the list of coal mines offered for auction
Addition of Dolesara, Jarekela and Jharpalam-Tangarghat coal mines to the 1st Tranche of Auction under the MMDR Act, 1957
Withdrawal of Morga South Coal Mine from the 1st Tranche of Auction under the MMDR Act, 1957
Withdrawal of Fatehpur East, Madanpur (North), Morga-2, and Sayang Coal Mines from the 11th Tranche of Auction under the CM(SP) Act, 2015
Accordingly, 38 coal mines are offered for auction for commercial mining under the 11th tranche of auction under CM(SP) Act, 2015 and 1st Tranche of Auction under MMDR Act, 1957, the coal ministry said in a notification on September 3.
Bander block in Maharashtra was first taken off the list of 41 mines following which three blocks in forest areas of Chhattisgarh were identified to be removed.
Coal Minister Pralhad Joshi accepted suggestion of Chhattisgarh government to replace five mines with three new mines on environmental and livelihood concerns in Hasdeo Arand forest area which includes Morga -2, Morga (South), Madanpur north, Shyang, and Fathehpur East.
Auction timeline delayed
Commercial coal mine auction has been delayed as expected with due date for Expression of Interest pushed back by over a month to September 29 from earlier August 18 with auction being planned in the later part of October. The approval of successful bidders is expected by November.
Efforts to auction off blocks in a hurry, many of which are in eco-sensitive areas is now being criticized by a section of environment and climate change watchers. This would jeopardise participation of any major global mining companies as they would like to stay away from such controversies.
This story is from the September 2020 edition of Steel Insights.
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This story is from the September 2020 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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