India: Cancellation of Coal Mining Licences to Inflate Import Bill …

A cancellation of all coal mining licences awarded in India since 1993 could cost Asia’s third largest economy $3bn in additional imports and hurt firms that have lent to the sector, according to two brokerage firms. India’s top court has held as illegal coal mining licences awarded to various firms between 1993 and 2009 and will examine whether to cancel some or all licences. Macquarie Research …
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