COAL & MINES

Next tranche of commercial mining auction to be launched this month: Coal Minister

Coal Minister Pralhad Joshi on Monday said the next tranche of commercial mines auction will be launched this month and stressed that further rounds will continue thereafter.

Speaking at the agreement signing ceremony for commercial coal mining and launch of single-window clearance system, he said commercial coal mining has been made a part of the system now.

“The next tranche of commercial mining auction would be launched in January 2021, and further tranches will continue thereafter,” the minister said.

Speaking at the function, Home Minister Amit Shah said the country has reached a position where the coal sector can be the biggest contributor towards the target of India becoming a USD 5 trillion economy by 2025.

He said despite having the world’s fourth-largest coal reserves, India is importing coal and this is not right for the country.

Source
ET News
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