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Coal Ministry to finalise model for contracts

Coal Ministry to finalise model for contracts
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The Centre will need to have a proper contract model in place before it starts auctioning commercial coal mines, the coal ministry officials indicate.

ÂÂĻIt is difficult to give a timeline when commercial coal mining will start. We first have to address all the issues before giving a timeline,ÂÂĻ said Coal Secretary Anil Swarup.

The Ministry for Coal began consultations with industry stakeholders to prepare a roadmap for the commencement of commercial coal mining.

ÂÂĻCommercial mining is a very sensitive area. However, it is essential in our plan to achieve 1.5-billion tonne coal mining by 2020. But before we start with it, a few things need to happen. Auctioning for commercial mining will need to be different from what has happened and for this we need to do all the ground work,ÂÂĻ said Swarup. Despite a good start, various issues need to be addressed.

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