So far, 11 coal blocks have been allotted to several government corporations under the MMDR Act where two coal blocks are for commercial objective and the remaining nine coal blocks are for liable end use.
New Delhi (Natural Energy News): According to the Coal Ministry, the government auctioned and allocated mines till last month. Purchased for 8,964.75 crores.
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The Ministry of Coal on reforms in its e-booklet stated that these revenue figures include only advance amount and monthly premium, while royalties and taxes or cess are payable in excess of these payments.
Apart from the 204 coal mines enclosed under the Coal Mines (Special Provisions) Act, the remaining mines are allotted under the Mines and Minerals (Development and Regulation) Act.
So far, 11 coal blocks have been allotted to several government corporations under the MMDR Act where two coal blocks are for commercial objective and the remaining nine coal blocks are for liable end use.
In 2015, the central government brought in the Coal Mines (Special Provisions) Act to reallocate coal blocks canceled by the Supreme Court in 2014.
The Act ensured continuity in the operation of productive mines and brought other mines into production faster. It also amended the Coal Mines (Nationalization) Act and the MMDR Act, giving rise to uniformity in the provisions of the three Acts governing coal block allocation.
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The Act allowed auction of coal mines for commercial mining by private entities. The respective states will receive the auctions. The Act also provided that the former allottee's land and quarrying infrastructure be transferred and vested in the new allocation and compensation for the land, and fixed mining infrastructure paid for prior allocation.
Coal mines were nationalized in the 1970s to eliminate unscientific mining practices and poor labor conditions in private coal mines in the country.
With nationalization, the coal sector became a closed market from an open market scenario. However, to meet the growing power demands within the country, the National Captains Act was amended in 1993 to allow private captive coal mining for power generation, and a screening committee mechanism between 1993 and 'Government 206 coal blocks were allocated through the distribution route. 2011.
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Due to opacity in the system, in 2014 the Supreme Court declared these allocations illegal and arbitrary and canceled the allocation of 204 coal blocks.
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