Further, to prepare the modalities for allocation of coal mines through auction for sale of coal by private companies, a discussion paper on auction of coal mines for commercial mining was prepared for seeking comments of public and stakeholders concerned and was placed in the public domain. The views of the public are largely related to the proposed eligibility conditions, auction methodology, basis of calculating revenue sharing, land acquisition etc. and general observations which inter alia included market scenario, existing legal regimes in the country's coal market, pricing, upfront payment as well as suggestions as a way forward. The methodology for auction of coal mines / blocks for sale of coal under the provisions of the Coal Mines (Special Provisions) Act, 2015 and the Mines and Minerals (Development and Regulation) Act, 1957 is under consideration of the Government.
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