Periodically alternating between promoting PPP-led projects and more controlled EPC may circumvent investor interest uncertainty.
The new Mining Bill encourages private players to enter prospecting. However, if the result is zero after the recce, who will compensate them? So far, prospecting in India has been a business of the government, and has been happening at a much slower pace than required,
The Union Cabinet approved the Mines and Mineral Development and Regulation (MMDR) Bill, 2011. The Bill aimed at curbing illegal mining and bringing more transparency in the allocation of licences for mining.The Bill has provisions for 26 percent profit sharing by coal miners and an amount equivalent to royalty by non-coal miners with project affected people.
When our November 2010 issue was under construction, the Mining Bill was not exactly the talk of Infrastructure Town, but as we discovered, the divide between the Bill's provisions and industry demands was so sharp that the Bill was in peril of falling into that deep chasm and disappear forever.