New Delhi: Four fully explored coal mines of a total 498.10 reserves in Odisha, Jharkhand and Maharashtra have been put under hammer on Thursday.
The ministry of coal had launched the auction of coal mines for commercial mining under 14th Tranche of CMSP Act and 4th Tranche of MMDR Act on December 16, 2021. On the 1stday of the e-auction, four coal mines( under CMSP Act) were put up for  auction and the details of the  mines are as under: –
  • All four  coal mines are fully explored coal mines
  • The total geological reserves for these coal mines are 498.10 Million Tonnes.
  • Cumulative PRC for these coal mines is 10.76 MT per year.

The results for Day 1 are as under:

S. No.Name of the MineStatePRC (mtpa)Geological Reserves (MT)Closing Bid Submitted byReserve Price (%)Final Offer (%)
1Rabodih OCPJharkhand2.50133.17Twenty First Century Mining Private Limited / 2422114.006.00
2ChinoraMaharashtra0.25617.85BS Ispat Ltd / 649794.0053.00
3-4Utkal B1 & Utkal B2Odisha8.00347.08Jindal Steel and Power Limited / 648984.0015.25