South West Pinnacle Exploration Wins Coal Block in Jharkhand with 84 Million Tons Reserves

South West Pinnacle Exploration Limited, a leading Indian exploration and mining services company, has won the rights to a partially explored coal block located in Jharkhand. The block spans approximately 266 hectares and holds estimated geological reserves of 84 million tons of coking coal of grade W-IV (Provisional). This acquisition followed a competitive forward auction conducted by the Ministry of Coal, Government of India.

The company has signed the Coal Mine Development and Production Agreement with the Ministry and is actively undertaking necessary preliminary surveys and regulatory processes. South West Pinnacle is preparing for the next stages of mine development, including obtaining Prospecting cum Mining Licenses and conducting extensive geological reporting.

This mining block acquisition aligns with India's strategic push to reduce coal imports and boost domestic production, crucial for supporting energy security and industrial growth.

Key Highlights:

Rights acquired for a coal block of 266 hectares in Jharkhand

Estimated geological reserves stand at 84 million tons of coking coal (W-IV provisional grade)

Coal Mine Development and Production Agreement signed with Ministry of Coal, India

Preparations underway for regulatory clearances and mining plan approvals

Strategic move to support India's energy self-sufficiency and industrial demand

South West Pinnacle Exploration to expedite mine development aiming for production by FY26-27

Source: South West Pinnacle Exploration Limited, Ministry of Coal, Government of India