 "Coal mines, Coal")
Even as the Centre has finally made the move to end Coal India Limited’s (CIL's) virtual monopoly in the market by allowing commercial private mining, it has proposed a higher price of coal to be sold by private mining companies. Analysts feel it might dampen private investment in this sector.
According to the draft policy, private miners will have to report the estimated revenue on the basis of monthly production return multiplied by actual selling price, or 1.2 times the ore price of CIL of the applicable grade, whichever is higher. In the event that CIL's price undergoes a change
