DOMESTIC Coal sector facing some headwinds from financial markets: Govt
ditional Coal Secretary M Nagaraju said. India, he said, has large industrial groups which have financial strength and technological prowess to undertake mining in the country.
The government said the coal sector is facing a bit of headwind from the financial markets and that could be one of the reasons for global players not participating in commercial coal mine auctions.
Stating the second tranche of auction is the “biggest ever offer of coal mines in the country”, he said the government is offering 67 mines with total reserves of almost 36 billion tonnes. The peak rate capacity of the explored blocks is 150 million tonnes.
This comes after Coal Minister Pralhad Joshi earlier exuded confidence that in the next round of auctions, there would be participation from global players. “We had couple of participation with industries in the US and also Indonesia and some other places. We reached out to many people,” Ad-
16 | CCAI Monthly Newsletter June 2021
NGT directs Centre to file reply on plea against notification on use of coal with higher ash content The National Green Tribunal has granted one
