New Delhi: The federal government on Thursday mentioned it has issued allocation orders to profitable bidders for 22 coal mines which had been placed on sale for business mining.
“The nominated authority, ministry of coal has issued vesting orders for 22 coal mines to profitable bidders of coal blocks underneath business coal mine public sale on 8 June, 2023,” the ministry of coal mentioned in an announcement.
“Out of the 22 coal mines, eleven mines are underneath Coal Mines (Particular Provisions) Act, 2015 and the remaining comes underneath Mines & Minerals (Improvement and Regulation) Act,1957,” it added.
Sixteen coal mines are totally explored and the remaining six mines are partially explored.
The cumulative peak rated capability (PRC) of twenty-two coal mines is 53 million tonne every year (MTPA). Whole geological reserve of six coal mines is 6,379.78 million tonne and the blocks are more likely to generate an annual income of ₹9,831 crore and can appeal to capital funding of ₹7,929 crore. It should present employment to 71,467 folks each instantly and not directly.
With the allocation of those mines, the ministry had issued vesting orders for a complete of 73 mines underneath business auctions until date with cumulative PRC of 149.304 MTPA.
“It will end in technology of annual income of Rs. 23,097.64 crore to the state governments and can generate employment alternative to 2,01,847 folks, each instantly and not directly,” it added.
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Up to date: 08 Jun 2023, 04:49 PM IST
Supply: Live Mint