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Government to auction 23 coal mines in FY18, 4 for commercial mining

This would be the first step to open mining beyond the near-monopoly of state-owned CIL for 41 years

Government to auction 23 coal mines in FY18, four for commercial mining
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Shreya Jai New Delhi
After more than a year of deliberation, the central government has decided to open commercial mining of coal in the coming financial year.

"Next year (2017-18) in the coal sector, we will allocate 25 mines. Of these, two will be allotted and 23 auctioned, some for coking coal and some for sectors other than power, like cement, and four for commercial mining," Susheel Kumar, secretary, ministry of coal, said.

He said the process and rules were under study. "The discussion paper on commercial mining is final. We would float it in the public domain soon," said Kumar.

This newspaper reported