Home / Economy / News / Govt may launch coal blocks auction under commercial mining on Jun 11

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

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There will be no restriction on the sale and/or utilisation of coal from the coal mine

2 min read Last Updated : May 27 2020 | 5:42 PM IST

The Centre is likely to launch the process of auctioning coal blocks for commercial mining on June 11, pickng around 50 mines for the hammer.

An official on the condition of anonymity said the "government will come out with the notice inviting tender (NIT) for auction of coal mines for sale of coal on June 11."

The official further said around 50 coal blocks are likely to be put on sale.

The coal ministry proposes to launch the auction of coal mines through an event in the national capital followed by a series of events in different parts of the country to

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