Modi govt’s reform push for coal sector: Auction process of 40 new coal mines launched
Zee News
In an official statement, the ministry stated that the step has been taken following the successful auction of 28 coal mines in the first two tranches and there shall be a total of 88 coal mines on offer at present."
New Delhi: The Ministry of Coal on Tuesday launched the auction process of 40 new coal mines in which 21 new mines are under the Coal Mines (Special Provisions) Act 2015 and 19 are under the Tranche three of Mines and Minerals (Development and Regulation) Act 1957.
In an official statement, the ministry stated that the step has been taken following the successful auction of 28 coal mines in the first two tranches and there shall be a total of 88 coal mines on offer at present."
Total geological resources of about 55 billion tonnes of coal are on offer from these 88 mines, of which 57 are fully explored mines and 31 are partially explored mines. There are four coking coal mines on offer," the statement from the Ministry of Coal said.
