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Private Commercial Mining Will Take Time To Peak, It Is Essential To Split CIL And Ensure Competition In The Market

Private Commercial Mining Will Take Time To Peak, It Is Essential To Split CIL And Ensure Competition In The Market
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Following Coal Mining Reforms, The Govt Now Considering To Open Up Coal Marketing As Well

An Indian Railways train carrying coal. (representative image) (Ramesh Pathania/Mint via Getty Images)
Following the liberalisation and opening up of the domestic coal mining sector as a part of its Atmanirbhar Bharat policy push, the government is now looking at opening up of the coal marketing in a bid to unleash the sector s potential,
Emphasising on the need of opening up coal marketing, Union Coal Secretary Anil Kumar Jain said, Itâs about time that coal marketing was opened up. All the knots, which have tied up coal linkages, Power Purchase Agreements (PPAs), Fuel Supply Agreements (FSAs) and bidding have to be opened up. ....

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Coal India: Coal exchange likely to start later this year, move aimed at setting up a mature coal trading market

Synopsis
A senior government official said the move is aimed at setting up a mature coal trading market by the time the commercial coal mines become operational.
Agencies
The coal ministry has issued tenders seeking consultancy service in setting up the coal exchange.
New Delhi: The government proposes to start a coal exchange later this year to trade coal mined from private commercial mines along with
Coal India s spot auctions. A senior government official said the move is aimed at setting up a mature coal trading market by the time the commercial coal mines become operational.
“In about 5-7 years, 40% of the coal is expected to be produced by companies other than Coal India ( ....

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