India eases auction rules to usher in commercial coal mining

September 26, 2017

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To successfully break out of the more than four-decade-long nationalisation of the coal industry, the Indian government will ease rules for the auctioning of ten coal blocks. To open up commercial mining of coal to private miners, the government will neither be setting a minimum reserve price, nor will there be any net asset value of the coal blocks to be put up for bidding.

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