Government contemplating auctioning 25 deallocated coal
blocks
01/07/2014 16:41
The Coal Ministry is considering auctioning 25 captive coal blocks which were taken back from the companies due to their failure in developing them, reported PTI. "There are 25 deallocated coal blocks where court cases have not been filed as per the information available. These coal blocks could be considered for allocation under the new dispensation," according to a recent official document. The ministry further said that the confirmation pertaining to the allocation of the mines would be made after getting the detailed exploration status of the mines, as per the media reports. According to media reports, so far the government has deallocated 80 coal blocks. The mines were taken back after the recommendations made in this regard by earlier the review committee and later the inter-ministerial group on coal mines set up to review the development of the captive coal blocks. Coal mine allocatees have filed 94 cases in different courts against the government orders for deallocation and Bank Guarantee deduction, the document said.
01/07/2014 16:41
The Coal Ministry is considering auctioning 25 captive coal blocks which were taken back from the companies due to their failure in developing them, reported PTI. "There are 25 deallocated coal blocks where court cases have not been filed as per the information available. These coal blocks could be considered for allocation under the new dispensation," according to a recent official document. The ministry further said that the confirmation pertaining to the allocation of the mines would be made after getting the detailed exploration status of the mines, as per the media reports. According to media reports, so far the government has deallocated 80 coal blocks. The mines were taken back after the recommendations made in this regard by earlier the review committee and later the inter-ministerial group on coal mines set up to review the development of the captive coal blocks. Coal mine allocatees have filed 94 cases in different courts against the government orders for deallocation and Bank Guarantee deduction, the document said.
