Nine coal mines auctioned in 10th round of commercial coal mine auctions
On 27 November 2024, the Ministry of Coal said nine coal mines were successfully auctioned in the 10th round of commercial coal mine auctions, at an average revenue share of 17.44%.
Summary
On 27 November 2024, the Ministry of Coal announced that nine coal mines were successfully auctioned in the 10th round of commercial coal mine auctions, launched on 21 June 2024. Three of the mines are fully explored and six partially explored. The auctions achieved an average revenue share of 17.44%, and the mines are expected to generate about ₹1,446 crore in annual revenue. Since commercial coal mining began in 2020, 113 coal mines have been auctioned, with a combined production capacity of 257.60 million tonnes per year.
Key facts
- Round
- 10th, launched 21 Jun 2024
- Mines auctioned
- 9 — 3 fully explored, 6 partially explored
- Average revenue share
- 17.44%
- Expected annual revenue
- ~₹1,446 crore
- Since 2020
- 113 mines; 257.60 MTPA capacity
Practice MCQs 2 questions
How many coal mines were successfully auctioned in the 10th round of commercial coal mine auctions, as announced on 27 November 2024?
Show answer
Correct answer: B — 9
PIB (Coal): a total of nine coal mines were successfully auctioned — three fully explored and six partially explored.
Since commercial coal mining began in 2020, how many coal mines had been successfully auctioned as of November 2024?
Show answer
Correct answer: D — 113
PIB (Coal): since the inception of commercial coal mining in 2020, 113 coal mines have been auctioned with a capacity of 257.60 MTPA.