Aiming to push ahead and open commercial coal mining in India to private miners, the country’s Ministry of Coal has eased rules for auction of coal blocks and woo domestic and foreign investors into the sector.
The Coal Ministry was trying to complete the ground rules for the auction of at least 10 coal blocks by the end of the current fiscal year on March 31, which would open up coal mining to private miners with full production, pricing and merchant sale freedom, for the first time since the coal industry was nationalized in 1973.
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