India

India

Removing end-use restrictions in coal mine auctions

10 Jan 2020

The Mineral Laws (Amendment) Ordinance, 2020 was promulgated on 10 January 2020. The Ordinance amends the Mines and Minerals (Development and Regulation) Act, 1957 and the Coal Mines (Special Provisions) Act, 2015. This ordinance opens up coal mining in the country to non-coal companies, removing the previous restriction which allowed only companies in coal mining to bid for coal mines. Any company meeting the minimum criteria will now be allowed to bid for coal mines.