COAL & MINES

Govt releases price index for commercial coal mining

The government on Friday released the indicative coal prices for the maiden tranche of commercial auctions under the revenue sharing model. ‘Representative prices’ will be used to compute the government’s revenue share from auctioned mines.

The rates have been derived from a weighted combination of monthly prices of coal in various channels of transaction, including imports, for the month of March. Companies will use these prices to evaluate their bids for coal blocks in auctions, which are expected to take place next week.

The representative prices of non-coking coal between the G7 and G14 grades are in the range of Rs 1,098/tonne to Rs 2,619/tonne. Though the prices are higher than the notified price of the fuel sold by Coal India, industry sources said the rates look balanced.

Source
financial express
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