23 abandoned mines are given to private parties by Coal India on a revenue-sharing basis.

The tenth round of the coal ministry's auction for sixty commercial mines will begin on Friday.

23 abandoned mines are given to private parties by Coal India on a revenue-sharing basis.

To increase the amount of coal produced domestically, the state-owned Coal India Limited (CIL) has given 23 of its closed underground mines to private companies. The successful bidders will manage these mines under a revenue-sharing model. These mines have a combined production capacity of 34 million tonnes per annum (MTPA) and easily available mining infrastructure. forward an effort to further use the country's coal resources through public-private partnerships, private sector coal miners have put forward a bid to split at least 4% of their earnings with CIL over a 25-year term.

34 abandoned mines were found by CIL; ten of them are under the control of its subsidiaries in West Bengal and Jharkhand, nine are under the control of its subsidiaries in Maharashtra, Chhattisgarh, and Madhya Pradesh, and three are under the control of its subsidiaries in Odisha.

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