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Government of India takes first step towards commercial mining

The Government has taken the first step towards opening up the Indian coal sector for full commercial mining.


The central government’s 41 year monopoly over mining and selling coal is coming to an end. The Cabinet Committee of Economic Affairs (CCEA) has now given its approval for state entities to mine coal and sell it to Small and Medium Enterprises.

Previously there was a captive mining system in place, where coal from each mine could only be sold for a specified end use, usually in the power production or steel sectors. After the Cabinet’s decision, state governments will now be able to mine coal and sell to any industry within their state, particularly to smaller companies who do not receive supplies from Coal India.

This is the first step towards opening up the Indian coal sector for full commercial mining in the near future, where private companies would also be permitted to mine and sell coal freely.

Find out more about the introduction of commercial mining and who this will affect at the 15th Coaltrans India on 2-4 March 2016 in Goa.


Sources:
http://www.business-standard.com/article/economy-policy/cabinet-allows-states-to-mine-sell-coal-ends-monopoly-of-centre-115121601219_1.html
http://www.newindianexpress.com/business/news/Government-Working-on-Coal-Allotment-Procedure-for-Commercial-Mining/2015/12/17/article3182513.ece

This content is provided by Coaltrans Conferences for informational purposes only, and it reflects the market and industry conditions and presenter’s opinions and affiliations available at the time of the presentation.

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