This would be the first step to open mining beyond the near-monopoly of state-owned CIL for 41 years
Safety actions like geo technical cells in Coal India mines had been taken
Total production stood at 22 million tonnes; more mines have started operations
Earlier, three rounds of mines auction were held after the SC in 2014 cancelled the allotment of 204 coal blocks
Mines have been allocated under the provisions of Coal Mines (Special Provisions) Act, 2015
Decision in the wake of lack of interest shown by miners to first auction
Decision to open up coal sector is in line with govt's target of doubling coal production to 1.5 billion tonnes by 2020
The minister said Rs 112,398 crore is the estimated revenue which would accrue to Jharkhand from the auction
The government had last year auctioned 31 coal mines in three tranches and also allotted 42 coal mines to Central or State Government Companies