Indian Government removes one Mine from Coal Block Auction

The government has removed one coal mine from the list of 24 mines, which has started to auction from 25 Dec, 2014.

Earlier, the ministry has decided to auction 24 coal blocks to different end-use plants, but currently announced to remove one coal block named Namchik Namphuk mine based in Arunachal Pradesh from the list of 24 mines due to technical reasons. Now, 23 mines will be available in the first phase of auction.

Post the SC’s order for cancellation of 204 coal blocks, which were declared as illegal, the government decided to auction & re-allocate these blocks in different phase. In 1^st batch of Schedule II, the auction process had started with from 25 Dec’14, as per special ordinance of coal mines and subsequent rules. The Coal Ministry expected to complete the first phase of auction till Mar’15.

“It is decided to withdraw Namchik Namphuk coal mine from the list of 24 mines, which is to be auctioned in schedule-II, due to technical considerations,” stated by Coal Ministry.

E-auction of coal mines for qualified bidders will be held between 14 & 22 Feb, 2015. The entire mine allocation process for Schedule II coal mines will be completed till Mar’15 with the signing of Coal Mine Development and Production Agreement, the government had said earlier.

List of 23 Coal Blocks put on Auction

*Removed mine from auction