7.In section 11A of the principal Act,—
(i)in the marginal heading, after the words "or mining lease", the words "or
•prospecting licence-cum-mining lease in respect of coal or lignite" shall be inserted;
•(ii) in sub-section (1)—
(a)in the opening portion, for the words "in respect of any area containing
•coal or lignite", the words "or prospecting licence-cum-mining lease in respect
•of coal or lignite" shall be substituted;
(b)for the long line, the following long line shall be substituted, namely:—
•"to carry on coal or lignite reconnaissance or prospecting or mining
•operations, for own consumption, sale or for any other purpose as may
•be determined by the Central Government";
(c)the following proviso shall be inserted, namely:—
•"Provided that the auction by competitive bidding under this
•section shall not be applicable to coal or lignite—
(a)where such area is considered for allotment to a
•Government company or corporation or a joint venture company
•formed by such company or corporation or between the Central
•Government or the State Government, as the case may be, for own
•consumption, sale or for any other purpose as may be determined
•by the Central Government;
(b)where such area is considered for allotment to a company
•or corporation that has been awarded a power project on the basis
•of competitive bid for tariff (including Ultra Mega Power Projects).";
•(iii) in sub-section (3),—
(a)after the words "mining lease", the words "or prospecting
•licence-cum-mining lease" shall be inserted;
(b)for the words "competitive bidding or otherwise", the words
•"competitive bidding or through allotment" shall be substituted.