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Coal Mine Global Bids Likely in 2019 - Report

Coal News - Published on Fri, 20 Sep 2019

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India Today, citing sources familiar with the matter reported that India plans to invite bids from global firms for the first time for coal mining blocks before end-2019. Sources said that the government aims to allow companies with winning bids to begin development of the coal blocks by early 2020. But attracting foreign interest when India's overall economic growth is slowing and global investors are trying to move away from coal, because of risks to public image over one of the dirtiest fossil fuels, could be a challenge.

The coal block auctions are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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