New Delhi: The Government of India plans to start the auction process of commercial coal mines in the near future. The Coal Ministry awaits the feedback on the discussion paper floated on this matter. These mines would be free from any restrictions on the end use of coal, and would also provide the freedom to manage production, pricing and marketing strategy to the private players. The auction would include both big and small blocks for commercial mining of coal. The technical qualifications for bidders should have a minimum net worth of Rs 1,500 crore (US$ 230.61 million). Furthermore, they should also have an experience of excavating or handling a minimum of 25 million cubic metre per annum during the previous three years.
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