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03 Mar
12:07

India sets royalty rates for 12 minerals including cobalt

Amid a range of measures to promote the country’s critical and strategic minerals sector, the Indian government has also approved royalty rates for the mining of 12 minerals, Kallanish reports. Prime Minister Narendra Modi’s cabinet approved on Thursday the amendment of the so-called MMDR Act, enabling the government to provide mining lease and composite licences in auctions organised by the central government. In total 24 minerals are planned to be a…
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