 "Coal likely to remain in short supply until 2024: CIL tells govt")
India's miners are rejecting a government proposal to establish a national coal index that would be linked to international prices, documents reviewed by Reuters show, because it could make domestic supply uncompetitive.
The government is creating a coal price index as part of its plans to open the coal sector to outside investment and end state-run Coal India's control over prices. The country plans to invite bids from global firms for coal mining blocks by the end of 2019.
A government panel has proposed one index that would link directly to foreign indexes, such as in Indonesia and Australia and a second
