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Artigo

20 Set 2010

Author:
Economic Times [India]

CIL supports govt move on profit sharing; Tatas tone down

Coal behemoth CIL [Coal India Ltd] on Monday came out in support of the government proposal that miners share 26 per cent of profits with local people affected by their projects...Contrary to its earlier stand of supporting the profit sharing clause in the proposed mining law, Tata Steel today said it would rather suggest that the operating costs be the basis for contribution to local development.