Coal ministry begins auction of 27 coal mines
06 Aug 2019
Coal ministry has started the process of auction of 27 coal mines and allotment of 15 coal mines to central and state PSUs. As per the priority in auctioning of coal blocks, the government is auctioning 21 coal mines for ‘End Use Non Regulated Sector’ and 6 coking coal mines for End Use Iron and Steel. In case of allotment, 5 coal mines are for power sector, 9 for sale of coal and 1 for Iron and Steel.
At Peak Rated Capacity (PRC), these 42 mines will produce approximately 70 MTPA of coal. Notice inviting tender and notice inviting application were published in the newspaper on 3- 4 August 2019.
The electronic bidding will be conducted on Metal Scrap Trading Corporation (MSTC) platform. The last date of registration of bidder and sale of tender document is 13 September 2019 and bid due date is 19 September 2019.
The electronic bidding will be conducted on MSTC Platform from 10 October 2019 to 8 November 2019.