INDIA’S MINING INDUSTRY AWAITS ROYALTY INCREASES ON MAJOR MINERALS
February 1st, 2012
BY RAGHAVENDRA VERMA, IN NEW DELHI
THE INDIAN government is reviewing the royalty rates paid by mining companies working in India regarding for 10 major minerals - including iron ore, bauxite, zinc, lead and copper ore - with new rates expected to be announced by August.
A central government study group including representatives from state governments and industry bodies has already been formed, Indian mines minister Dinsha Patel has announced.
The country's mining industry is waiting on a decision anxiously: H.C.Daga, vice-president of Federation of Indian ...
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