why was mining taken away by the government from the private companies in 1970?
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After 1972, coal mining quickly collapsed and had practically disappeared by the 21st century. The consumption of coal – mostly for electricity – fell from 157 million tonnes in 1970 to 18 million tonnes in 2016, of which 77% (14 million tonnes) was imported from Colombia, Russia, and the United States.
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Paving the way for commercial mining, India Thursday initiated the auction of 41 coal blocks that have a capacity to produce 225 million tonnes of coal per year.
Launching the auction, Prime Minister Narendra Modi said the onset of commercial mining will bring the sector out of decades of lockdown.
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