Amid environmental concerns over the development of private commercial mining projects and opposition to such projects, the government may soon introduce a policy for project financing in the area of coal mining to support the development of such projects.
An official said this on Monday. The government has also indicated that the second installment of commercial coal mining auctions is unlikely to be postponed due to the Kovid-19 epidemic. However, the Ministry of Coal will review the situation and take appropriate decisions. The official said this after the authority’s sit-in with the proposed bidders in this regard.
“In the meeting held before bidding for the second installment of the coal mining auction, the government said that it will come up with a policy for project financing in the area of coal mining,” the official said. Is happening There is increasing opposition to coal mine projects across the world, making it a challenge to finance these projects.
Those opposing the projects believe that such projects are harming the environment. A nationalized bank is understood to be unable to take a final decision on financing one of the major coal mining projects in Australia.
News Source: ConstructionWorld
