In 2010, the process of allotment of coal mines to private parties was changed and MMDRA was amended to end the adhoc allotment regime. It required GoI to allot coal mines through auction by competitive bidding to companies recognised for private participation in coal mining,, for captive use in iron and steel, power, washing of coal, etc
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Auction/Allotment. Coal mining in India has been metamorphosed as far as the policy framework is concerned. From an earlier restrictive model, we have moved on to granting coal mining blocks pursuant to a competitive bidding process, and from prescribing specific enduse to permitting commercial sale of coal. The auctionbased regime introduced ...
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^The Mine Dossier of the Coal Mine is being provided only as a preliminary reference document to the prospective Bidders, who are expected to carry out their own surveys, investigations and other detailed examination of the Coal Mine before submitting their ids. Tender Document Clause No. Site Visits Information
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Commercial coal block auctions are intended to be conducted in a twostage bidding process, which will involve technical screening and submission of competitive initial price offer in the first ...
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India is planning to reopen more than 100 coal mines previously considered financially unsustainable, as a heatwavedriven power crisis forces the world's thirdbiggest greenhouse gas emitter to ...
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Limitation on number of Bids: A Bidder shall submit only 1 (one) bid for a particular coal mine. No Affiliate(s) of such Bidder shall submit a bid for the said coal mine. In case an Affiliate(s) of a Bidder also submits a bid for the said coal mine, the bids submitted by the Bidder and its Affiliate(s) will be rejected.
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The proposed auctions have terms and conditions which are very liberal allowing new companies to participate in the bidding process, reduced upfront amount, adjustment of upfront amount against royalty, liberal efficiency parameters to encourage flexibility to operationalize the coal mines, transparent bidding process, FDI through ...
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The EIA process allows the AER to examine the effects that a proposed project to construct, operate and reclaim a mine site may have on the environment and determine if the project is in the public interest. ... Partial reclamation certificates can be issued for portions of a coal mine or coal processing plant to support progressive, timely ...
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The auction process of 141 coal/lignite mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on November 03, 2022. The last date of submission of Technical Bid for all the coal was January 30, 2023. As part of the auction process, Technical Bids comprising of online and offline bid documents were opened here today ...
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The last of the 29 mines was bid out successfully earlier in the day. With all the 29 mines expected to begin production by 202425, by the next two years, the government is hoping that all these coal mines put together will enhance the overall national average output by an additional 7%.
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The auction process of 141 coal/lignite mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on November 03, 2022. ... 2022. The last date of submission of Technical Bid for all the coal was January 30, 2023. As part of the auction process, Technical Bids comprising of online and offline bid documents were opened ...
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CM Stalin urges PM Modi to exclude delta areas of TN from bidding process for coal; ... Authority under the Ministry of Coal of the Government of India has invited the 17th/7th Tranche of Auction under the Coal Mines (Special Provisions) Act, 2005, Minerals (Development and Regulation) Act, 1957 for coal and lignite on March 29. ...
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Allocation of Coal Blocks through 2015 Bill. The bill creates three categories of mines. Schedule I It consists of all 204 mines which were cancelled by the honourable Supreme Court. According to the bill, the allocation of these mines could be either through public auction or public allocations.
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PM Modi said that commercial coal mining auction is an event in challenging times.
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The unsecured creditors of Murray Energy Corp.'s metallurgical coal subsidiary objected to the company's bidding procedures for a bankruptcy court auction of the company's Oak Grove operation, a longwall coal mine in Alabama. A newly formed joint venture between Murray Energy and MC Southwork LLC plans to provide a stalking horse credit bid on ...
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Auction of Coal Mines for Sale of Coal Queries Responses Page 3 of 20 Sl. No. Query Response deriving detailed geographical boundary coordinates etc seem quite heigh. Similarly, the estimated cost of exploration as provided under II page 2 is much higher than market rate and the bid security is estimated accordingly.
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The officials recommended that the word "transparent" should be inserted before the sentence "competitive bidding process" in the Coal Block Allocation Rules of 2017, which state that ...
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Key features of the auction process include reduction in upfront amount and bid security amount, permission to relinquish part of the coal mine in case of partially explored coal mines, introduction of National Coal Index and National Lignite Index, ease of participation with no entry barriers, full flexibility in coal utilisation, optimized ...
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In the first coal mining auctions for the private sector without restrictions on enduse of the fuel conducted last year, there were no bids for nearly half of the 38 mines. Production in India ...
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Improve public perception of coal mining via Coal Mine TourismFour ecoparks completed, and foundation stone laid for five ecoparks till October 2021. Two more Eco parks to be completed in 202122 and two each during 202223 and 202324. Bioreclamation of minedout areas and plantation in free areas in and around coal mines:
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Auction of Coal Mines for Sale of Coal Queries Responses Page 3 of 137 S. No Query Response purchased by the joint venture company. C. Yes, as per Clause of the Standard Tender Document. 4. Tender Document Clause Description of the Tender Process The bid process should be kept as a simple twostage bid process.
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Notice on Fixed Amount for Gare palma sector IV/2 and gare palma IV/3 coal mine. Notice of Bank details for submission of Bank Guarantee dtd . Notice for bid opening process. Notice for bid due date . Notice regarding estimated timeline for preparation of GR6th Tranche for 4 coal mines
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Oct. 13, 2015 5:43 pm ET. Ian Ganzer, left, and underground foreman Dave Pettrey at the Yellowbush Mine in Racine, Ohio. Mr. Ganzer is teaming up with investors to buy two coal mines that straddle ...
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Underground mining, sometimes called deep mining, is a process that retrieves coal from deep below the Earth's surface—sometimes as far as 300 meters (1,000 feet). Miners travel by elevator down a mine shaft to reach the depths of the mine, and operate heavy machinery that extracts the coal and moves it above ground. ...
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The Ministry of Coal launched the eighth round of commercial coal mines auction process, here today. Total of 39 coal mines are on offer. Launching the auction virtually, Union Minster for Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi said that all efforts are on to stop coal import by 202526.
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According to the coal ministry, these 41 mines are expected to hit a peak production of 225 mt, generating around 15% of India's coal output in 202526 (Photo: Getty Images) The auction of 41 ...
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The auction process of 103 coal/lignite mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on March 29,2023. ... Under 2 nd Attempt of Sixth tranche, a total of 5 coal mines were put up for auctions and one bid has been received against 1 coal mine which is a fully explored noncoking coal mine. The PRC of the coal ...
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Reduced upfront amount, adjustment of upfront amount against royalty, liberal efficiency parameters to encourage flexibility to operationalize the coal mines, transparent bidding process, FDI through automatic route is allowed and reasonable financial terms and revenue sharing model based on the National Coal Index.
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