Launch of 6th Tranche of Auction of Coal Mines for Commercial Mining
By PIB Delhi
The Ministry of Coal, will be launching the 6th tranche of auction of coal mines for sale of coal on November 03, 2022. The coal mines including the lignite mines are a mix of CMSP & MMDR, fully explored and partially explored Coking, Non – Coking etc.
The Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, will be the chief guest and will be launching the next tranche of auctions. Union Minister of Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi and Minister of State for Coal, Mines and Railways, Shri Raosaheb Patil Danve will be the guests of honour for the event.
The commencement of sale of tender document shall start from November 03, 2022. Details of the mines, auction terms, timelines etc. can be accessed on MSTC auction platform. The auction shall be held online through a transparent two stage process, on the basis of Percentage Revenue Share.