Auction of Coal Mines to Private Sector

The methodology for auction of coal mines or blocks for sale of coal under the provisions of the Coal Mines (Special Provisions) Act, 2015 and the Mines and Minerals (Development and Regulation) Act, 1957 has been approved by the Government and Order in this regard has been issued on 27 February, 2018.

The methodology would ensure distribution of natural resources in a fair and transparent manner within the ambit of existing law and shall also provide fair play and develop a rational approach in the auction of coal mines.

Auction of coal mines for sale of coal is expected to bring efficiency into the coal sector due to increased competition and deployment of best possible technology into the sector including in Coal India Limited (CIL) and its subsidiaries.