Electronic auction of 10 commercial coal mines to start on Tuesday

Up to eight coal mines will be auctioned on September 13 and two on September 14. The total peak capacity of the auctioned mines is 39.31 million tonnes per year.

The Ministry of Coal has completed the technical evaluation of bids for commercial mining and the electronic auction process will be launched tomorrow, it said in a statement.
“The Ministry of Coal had issued a tender for coal mines for commercial coal mining. The technical evaluation of bids has been completed and advance electronic auctions for 10 coal mines will be launched tomorrow,” the Ministry of Coal said in a press release.

Up to eight coal mines will be auctioned on September 13 and two on September 14. The total peak capacity of the auctioned mines is 39.31 million tonnes per year.

“The electronic auction for eight coal mines will take place on September 13 and for two coal mines on September 14, 2022. The total peak capacity (PRC) of the mines auctioned online is 39.31 million tonnes per an,” the statement adds.

The ministry has thus succeeded in auctioning 43 coal mines with GRP of 85.54 million tons per year.

The first round of auctions took place in June this year when the ministry launched a total of 38 offline bids across three commercial coal mine auction rounds.

Union Coal, Mines and Parliamentary Affairs Minister Pralhad Joshi said in August that in the near future more than 107 blocks of coal will be auctioned by the ministry.

Comments are closed.