INDIA: Auction by Competitive Bidding of Coal Mines Rules, 2012 (Ministry of Coal Notification S.O. 207 (E) of 2012)

Meta Data
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2012
Scope: 
National
Document Type: 
Rule/Regulation, Other
Economic Sector: 
Energy
Energy Types: 
Coal
Issued by: 
Department of Atomic Energy
Source: 
Gazette of India
File: 
Ministry of Coal Notification S.O. 207(E) of 2012
Overall Summary: 
In exercise of the powers conferred by clause (d) of sub-section (2) of Section 13 of the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957), the Central Government hereby makes the following Rules, namely:-- [...] Procedure for allocation of area containing coal through auction by competitive bidding" [and][...] Procedure for allocation of area containing coal to Government companies.
Governance
Energy institutional structures: 
The Central Government shall, - (a) identify area containing coal for allocation through auction by competitive bidding; (b) earmark areas containing coal for each specified end use separately for the purpose of action; (c) invite offers through auction from the companies engaged in the business of specified end uses as mentioned in Section 11A of the Act for the allocation of Coal or lignite blocks in the areas identified under clause (a); (d) notify a floor price for each area, identified under clause (a).