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2nd Tranche of Commercial Coal Mining

Part of: GS Prelims and GS – III – Economy

In news

India launched its 2nd Tranche of auction for commercial coal mining offering 67 mines for sale of coal.
Union Coal Minister launched the auction process.

Key takeaways

This is the highest number of mines on offer in a particular tranche of auction after commencement of the auction regime since 2014.
Out of the total 67 mines offered by the Ministry of Coal, 23 mines are under CM(SP) Act and 44 under MMDR Act.
The coal mines on offer are spread across 6 States Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and Andhra Pradesh.

Do you know?

Rolling auction

Government of India is moving towards adopting a ‘Rolling Auction’ mechanism for conducting future auctions.
Coal is the first mineral resource where Rolling Auction mechanism is being implemented in which a pool of coal blocks will always remain available for auctions.

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