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Coal Ministry organizes 1st Stakeholders’ Consultation on Auction of Coal Mines

Coal Ministry organises 1st Stakeholders’ Consultation on 2nd Tranche of Auction of Coal Mines for Commercial Mining

The Coal Ministry today organised the first Stakeholders’ Consultation on the 2nd Tranche of Auction of Coal Mines for Commercial Mining.

The stakeholder consultation held virtually witnessed participation of leading players from coal and mining business, equipment manufacturers, mine developers and operators and financial institutions.

Addressing the participants, M Nagaraju, Additional Secretary and Nominated Authority, Ministry of Coal, said second tranche auctions for commercial coal mining is the biggest ever offer of coal mines in the country.

Sixty seven mines are being offered during 2nd tranche auctions of coal mines for commercial mining.

The offers, which are in almost all coal-bearing states, give great opportunity and chance to the industry to pick the relevant and useful mines depending on their requirements.

The second tranche auction process was formally launched on 25th March.

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