COAL & MINES

Next round of coal mines auction for commercial mining in Oct or Nov: Joshi

Coal Minister Pralhad Joshi on Thurday said the next round of auction of coal mines for commercial mining will be launched in October or November. The details of most of these mines are already available in public domain, and some more mines will be added in the list, the coal ministry said in a statement.

“…the next tranche of commercial mines auction would be launched in October/ November 2021,” it said.

Meanwhile, the coal ministry will very soon come out with tender document for second attempt of sale of 11 coal mines in the ongoing auction round for the mines which have received single bids, it added.

Eight coal mines have been successfully auctioned with the winning percentage of revenue share ranging from 6 to 75.5 per cent with an average per cent revenue share of 30 per cent.

The electronic auction of these mines was conducted in the first week of August this year.

The Ministry of Coal, it said, has executed agreements with the eight successful bidders pursuant to the auction of second tranche of coal mines for commercial mining.

Source
ET Energy World
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