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Policy amended for coal PSUs to lease land to commercial coal miners
COAL & MINING

Policy amended for coal PSUs to lease land to commercial coal miners

The Ministry of Coal has amended policy guidelines for coal PSUs to allow them to lease parcels of land and grant mining rights to commercial coal miners in case the area of the coal block secured by the latter under the commercial coal mining regime overlaps with land whose ownership rests with ...

The Ministry of Coal has amended policy guidelines for coal PSUs to allow them to lease parcels of land and grant mining rights to commercial coal miners in case the area of the coal block secured by the latter under the commercial coal mining regime overlaps with land whose ownership rests with these Central Public Sector Enterprises (CPSEs). The change in policy guidelines is significant as it will pave the way for faster operationalisation of coal blocks auctioned for commercial coal mining. The new amendment ensures that ownership of such parcels of land rests with coal PSUs while they also get revenue. According to the amended policy guidelines, mining and surface rights in such parcels of land (where there is an overlap) can be leased by coal PSUs only to successful bidders who have secured the auctioned coal block. The amendment will help operationalise commercial coal mines quickly, remove difficulties faced by successful bidders and coal PSUs will also get revenue.

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