17 mining auction centers donated to PSU. | Catch My Job


NEW DELHI: Coal and Mines Minister Pralhad Joshi said on Tuesday the government will begin the process of bidding for all 17 mines that have been surrendered by government affairs.

Prince of Songkla University on Sunday surrendered an allocation of 17 mines that were not developed even after years of allocation.

The surrendering of the mine auction was important. This will support the government’s efforts to increase coal production and improve the availability of fuel for use in power plants. A fuel shortage earlier this year sparked an energy crisis in the country that drove coal import centers and forced power producers to mix.

“I have 17 good blocks that the PSU surrendered a few days ago and all of them are placed under the bidding path now,” Joshi said on Tuesday while speaking during a conference on the Miners and Metals industry of the United States. India, organized by NMDC and Ficci.

The minister said many PSUs in the country in sectors such as coal were sitting on large mines. And the government has decided to remove all the unused mines. Even after being allocated five to six years and then sold it.

Joshi also said his ministry is in discussions with the Ministry of Environment and Forests on how mining exploration can take place without cutting down trees. Proposals in this regard were also included in the draft amendments to the MMDR Act 2500.

In 2021-2022, the total revenue from the landmine auction is more than 25,170 crore

to prepare for the future Mining ministry Joshi said it was exploring sources for minerals such as lithium, cobalt, nickel, rare earths, lead, zinc and others.

“With this view I visited Australia last month to provide vital minerals that will help the country transition to clean energy,” he added.

The minister also stated that besides the coal mine Other mineral blocks that PSU has not yet utilized It may be considered for a bid to improve domestic mineral production.

Follow business news, market news, breaking news events. And the latest news about Live Mint. Download The Mint News app to get daily market updates.

more less


Source link