The ordinance will allow re-allocating cancelled 72 mine licenses by the Supreme Court in September to power, steel and cement sectors.
The allocations will be made through e-auction process.
Bids will be accepted from all the companies for the 132 ore mines that are yet to be explored, while bidding for the second and third category mines will be open for those companies involved in end uses of power, cement, steel, reported Business Standard.
The bill will allow companies to mine coal for own consumption, sale or for any other purpose.
A nominated authority has been appointed to manage the land used for coal mining operations.
It will have the right to "direct the prior allottees provide the requisite manpower, as may be necessary, to ensure continuity in coal mining operations and production of coal."
