AUSTRALIAN coal miners could be able to penetrate the heavily regulated Indian coal industry through the use of longwall technologies the country does not have access to.
Austrade senior trade commissioner South Asia Peter Linford says Indian authorities are looking to Australian longwall and underground coal-mining specialists for answers.
Under India’s current rules, foreign companies can operate coal mines provided they sell their coal only to whoever Coal India says they can, at the price Coal India sets.
Linford claims the authorities realise that to get any meaningful investment the terms will have to be attractive to Australian companies and therefore predicts a change in the country’s legislation.
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