New Delhi: The Ministry of Coal has modified the policy guidelines for coal PSUs so that, if 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). They may lease portions of land and grant mining rights to commercial coal miners. The Ministry of Coal discovered that numerous of the coal mines and blocks it has allotted overlap with areas that have been purchased and vested in government businesses, according to an official order dated July 29.
The inability of private allocators of coal mines or blocks to transfer or vest ownership over overlapping lands acquired under the CBA/CMN Act hinders their ability to conduct mining operations. The Ministry of Coal has decided to make changes to the policy guidelines for land use by coal PSUs that were released in April 2022 in order to address this obstacle.
The policy guidelines have undergone a significant adjustment that would facilitate the quicker operationalization of coal blocks auctioned off for commercial coal mining. The new amendment guarantees that coal PSUs retain ownership of such property parcels while continuing to receive money.
