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Coal block auction policy cleared

Coal block auction policy cleared
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The Union Coal Minister Sriprakash Jaiswal said that the government has approved auctioning coal blocks for private steel, cement and power firms. For the first time, the policy will pave way for allotment of coal mines through competitive bidding. The Cabinet Committee on Economic Affairs has approved the policy, he added. Only explored coal mines with known reserves will be auctioned by the government.

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