Lack of pricing freedom leaves industry jittery on commercial coal mining


Lack of pricing freedom leaves industry jittery on commercial coal mining

India’s experiment with commercial mining of coal could face a red flag from the industry, which is concerned about the regulated market and stiff competition from state-owned Coal India (CIL). Since the industry is expecting only smaller mines to be offered by the Centre, it’s likely that the bigger players might give it a miss. The coal ministry recently announced it will offer four coal mines to kick-start private commercial mining and sale of coal. Amendments to the Coal Mines (Special Provisions) Act, 2015, allowed commercial mining in the coal sector. Read More…

Credit By : Business Standard.com

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