Centre not to conduct auctions for commercial coal mining till elections


Centre not to conduct auctions for commercial coal mining till elections

The government will not conduct any auctions for commercial coal mining until the elections. The move follows sustained pressure from Coal India unions that have threatened to go on strike.

“Coal India unions have twice threatened to go on strike whenever the Centre makes any progress towards conducting auctions for commercial coal mining. The timing of the strike calls coincides with spells of coal shortages driven by higher demand.

If the strikes go through then we may have to shut down some power plants,” an official, aware of the government decision, told BusinessLine. “The legislative approvals have been taken and the list mines for commercial mines was also close to finalisation,” the official said.

The unions had threatened a strike in February, then again in September. They have called for another strike sometime this month, the official added. Read More

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