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Millennium Post

Mine deallocation letters to go out soon

The Coal Ministry is likely to begin next week issuing deallocation letters to private firms whose mines were cancelled and those where bank guarantees were deducted for sitting idle on mines given to them for captive use, Coal Minister Sriprakash Jaiswal on Monday said. ‘We are hopeful that from next week we will start issuing deallocation letters to all those firms whose coal blocks were deallocated and bank guarantee deducted,’ Jaiswal told reporters here. He also said that so far the Coal ministry had deallocated seven coal blocks, while the government has yet to take a call on the recommendations of Inter-Ministerial Group (IMG) for deallocation of another six coal blocks. ‘The file for deallocation of six coal blocks is being sent to me,’ the minister said. He also said so far the coal ministry had announced the deduction of bank guarantee of seven coal blocks. ‘The file for deduction of bank guarantee of seven coal blocks as recommended by IMG is being sent to me. I will take a call on it and let you know accordingly,’ the minister said.
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