Auction for captive coal blocks, mining experience requirement

The Coal Ministry is of the view that blocks are given to the end-use companies whose principal field of expertise is the operation of end-use plant. Moreover, mining operations can be outsourced to professional miners. Bidders have to adhere to strict riders on net worth, joint ventures and exit norms. The Government has decided to allow companies without prior mining experience to bid for the proposed auction of captive coal blocks. Making prior experience in mining mandatory may whittle

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