This reminds me of the #TelecomScam... only thing is that this is #REALASSETS. Ideally allowing this USE change should be ONLY in the case of AUCTIONED mines. No prizes for guessing which of the 4 OLIGARCHs will benefit 
EXISTING REGULATION, captive mine operators can sell 50% of the annual output from their mines but only after meeting the entire needs of the end-use plant for which a mineral block was originally allocated by the government.
WHAT WILL CHANGE ? Proposed amendment further blurs the distinction between captive and commercial mines. Captive mines producing major minerals may soon be allowed to sell half their output in the open market even if they are not able to supply to their existing facility.
Major companies with captive mines include Hindalco, TATAs, Balco, Jindal, JSW, Adani, GMR, Essar, ArcelorMittal, NTPC and SAIL. Other than coal, captive mines produce minerals such as iron ore, bauxite, limestone, copper, potash, lead and zinc.
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