INDIA REVIEWS INDUSTRIAL MINERAL ROYALTY RATES
February 1st, 2012
BY RAGHAVENDRA VERMA, IN NEW DELHI
THE INDIAN government has started the process of reviewing the royalty rates paid by the mining companies for 10 major minerals that include chromite, manganese ore, asbestos and precious stones. Indian mines minister Dinsha Patel has announced that a study group with representatives from various state governments and industry bodies has been formed to decide on the new rates.
RK Sharma, Secretary General of Federation of Indian Minerals Industries and study group member told Industrial Minerals that the committee will be ...
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