The Government of India (GoI) is planning to introduce commercial coal mining in the country that refers to mining and sale of coal without any end-use restriction. The underlying intent of the plan is also to attract global giants, like Glencore, BHP Billion and Rio Tinto into the country.
The plan involves putting 30 MnT of coal reserves in the first phase of bidding for commercial mining in the country.
In the context of commercial coal mining, the Coal Ministry has prepared a discussion paper, with the aspects of the planned auction process (under the provisions of the Coal Mines (Special Provisions)) Act of 2015.
The Ministry also has invited comments from stakeholders. Moreover, the mines earmarked for commercial mining are large enough to attract interest of foreign players.
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