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Six more coal blocks to be cancelled
September 26, 2012
Stepping up action, the government today decided to cancel six more coal blocks allocated to private companies and deduct bank guarantees of seven others for failing to develop the mines within the time-frame.
"Coal Minister Sriprakash Jaiswal today approved the IMG's recommendation to de-allocate six more mines and deduct bank guarantees of seven. Earlier, the government has already announced cancelling licences of seven mines and deducting bank guarantees of seven others," sources told PTI.