{"id":107966,"date":"2021-02-25T11:51:13","date_gmt":"2021-02-25T11:51:13","guid":{"rendered":"https:\/\/fin2me.com\/?p=107966"},"modified":"2021-02-25T11:51:13","modified_gmt":"2021-02-25T11:51:13","slug":"75-coal-mines-to-go-under-the-hammer-in-second-round-of-auction","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/75-coal-mines-to-go-under-the-hammer-in-second-round-of-auction\/","title":{"rendered":"75 coal mines to go under the hammer in second round of auction"},"content":{"rendered":"

In order to keep the interest of new and small players intact, the coal ministry is offering only small- and medium-sized coal mines in the second round.<\/strong><\/p>\n

<\/strong><\/p>\n

As many as 75 mines will go under the hammer in the second round of auction of commercial coal mines.<\/p>\n

Thirty-eight mines were on offer in the first round, of which 19 were sold.<\/p>\n

Out of the 75 mines, 70 are coking mines, used in the thermal power generation sector and five are non-coking mines for steel and metals sector.<\/p>\n

There are 40 mines that have already been explored with the remaining being partially explored.<\/p>\n

Chhattisgarh accounts for the highest number of mines, followed by Jharkhand and Odisha.<\/p>\n

In the first round, Madhya Pradesh had the highest number of mines.<\/p>\n

Last year, the Centre allowed private firms to commercially mine and sell coal– 47 years after coal mining was nationalised in India.<\/p>\n

The government amended the Coal Mines (Special Provisions) Act, 2015, in May to open up the coal auction for non-mining, MSMEs and foreign firms.<\/p>\n

The two-part auction concluded in November.<\/p>\n

In order to keep the interest of new and small players intact, the coal ministry is offering only small- and medium-sized coal mines in the second round.<\/p>\n

Most of the mines offered have been evaluated to not fall in eco-sensitive zones, Business Standard<\/em> reported.<\/p>\n

The ministry of coal, in a stakeholders’ discussion, said blocks\/ mines having over 40 per cent of green cover have been excluded.<\/p>\n

“Blocks\/ mines falling under un-notified Lemru Elephant Reserve of Chhattisgarh, wildlife habitat of Great Indian Bustard, Kinnersani ESZ, Tiger Reserve\/ Corridor, heavily built-up areas, etc. have been excluded,” said a presentation by the ministry.<\/p>\n

The officials also informed that mines which are under litigation have also been excluded.<\/p>\n

“We used the decision support system (DSS) of the Ministry of Environment, Forests and Climate Change to identify forest cover near and around the mines.<\/p>\n

“The mines with thick forest cover and are in eco-sensitive zones have been kept in abeyance.<\/p>\n

“For now, we are offering small mines which do not have large land banks and forest cover,” a senior official said, last month.<\/p>\n

In the first round of auctions, Maharashtra and Chhattisgarh protested against some mines which were in eco-sensitive zones.<\/p>\n

One mine each from Mah­arashtra and Chhattisgarh were rem­oved from the first phase as they were near a tiger reserve and river bank.<\/p>\n

The Union coal ministry would also offer new mines which were not part of the original list of 205 mines, whose allocation were cancelled by the Supreme Court.<\/p>\n

Officials said mines under the Coal Mines (Special Provisions) Act, 2015 and Mines and Minerals (Regulation and Development) Act, 1957 will be offered.<\/p>\n

Photograph: Ahmad Masood\/Reuters<\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In order to keep the interest of new and small players intact, the coal ministry is offering only small- and medium-sized coal mines in the […]<\/p>\n","protected":false},"author":3,"featured_media":107965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\n75 coal mines to go under the hammer in second round of auction - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/75-coal-mines-to-go-under-the-hammer-in-second-round-of-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"75 coal mines to go under the hammer in second round of auction - Fin2me\" \/>\n<meta property=\"og:description\" content=\"In order to keep the interest of new and small players intact, the coal ministry is offering only small- and medium-sized coal mines in the [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/75-coal-mines-to-go-under-the-hammer-in-second-round-of-auction\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-25T11:51:13+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/02\/cfntalkfoto25coal-mine.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/75-coal-mines-to-go-under-the-hammer-in-second-round-of-auction\/\",\"url\":\"https:\/\/fin2me.com\/business\/75-coal-mines-to-go-under-the-hammer-in-second-round-of-auction\/\",\"name\":\"75 coal mines to go under the hammer in second round of auction - 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