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@ EconomicTimes

Foreign companies are going to skip commercial coal block auctions

Big companies are losing their interest in the coal block sector. It has also been widely seen as polluting and avoided by top banks and financial investors. So, commercial coal block auctions are likely to receive a lukewarm response from foreign players now. Indian govt is in the process of inviting global players for commercial mining. But foreign investors' participation in the commercial coal mining in India is doubtful. A large mining company, Anglo American has decided to reduce its coal production over the next two years.

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