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Coal Ministry to finalise model for contracts

Coal Ministry to finalise model for contracts

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

¨It is difficult to give a timeline when commercial coal mining will start. We first have to address all the issues before giving a timeline,¨ 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.

¨Commercial 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,¨ said Swarup. Despite a good start, various issues need to be addressed.

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