NEW DELHI: Government on Wednesday came out with draft rules coal mine auction which clarifies that there would be no restrictions on the sale of coal mined and said it was starting the process of auctioning this year itself.
The draft rules said “there shall be no restriction on the sale or utilisation of coal from the coal mine. The Successful Bidder shall be free to sell coal in any manner …. (and ) utilise coal for captive consumption and export.”
While a cabinet decision taken earlier this month amending the Mineral and Mining Development Act this month made it clear that end-use restrictions would be removed, the presence of a state-regulated price cap for the sector had left coal miners confused on whether the market was truly being liberalized.
