Government launches second attempt of auction process coal mines

The central government has launched the second attempt of auction process for 11 coal mines, for commercial mining.

These 11 mines were offered in the first attempt launched on March 25, 2021 and had fetched single bids. Out of these, six are fully explored and five are partially explored.The auction will be held online through a transparent two-stage process, on the basis of percentage revenue share.The sale of tender document began from September 27, 2021.