The Government will launch the auction of coal mines for commercial mining with the theme “UNLEASHING COAL: NEW HOPES FOR ATMANIRBHAR BHARAT” on June 18, 2020, the Ministry of Coal said on Thursday. According to the government, the commercial coal mining auctions are completely different from the earlier regime of restricted sectors, use and price. The successful bidders also will have flexibility in coal production unlike past and have provision for incentives for early production and coal gasification, it said. "The coal mines auction process will lay strong foundation for energy security in the country by producing additional coal providing large scale employment and huge opportunities for investment in coal sector. These efforts will supplement the 01 billion tonne coal production likely from Coal India in FY 23-24 and meet full requirement of domestic thermal coal," Ministry of Coal said.

Source: dna June 11, 2020 14:37 UTC