CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
A government board is suggesting to split India’s state-owned Coal India Ltd (NSE:COALINDIA), the world’s largest coal producer, or at least allow joint venture partners to foster competition in the sector, reports Livemint.com.
“Coal India Ltd, being a virtual monopoly under government control, has not allowed open competition to prevail in the coal sector. This has inhibited improvement of efficiencies and modernization in this important sector, so vital to our energy security,” the report said.
“Maintaining government monopoly in this area might not be the best model for the long-term development of this sector.”
The suggestion comes at a time when the country is dealing with the lack of coal, which has increased its dependence on imports to fuel power plants.
