The Union Mines Ministry has constituted a study group tasked with revising the royalty of minerals other than coal, lignite and sand.
The mineral royalty rates were revised last in September 2014. According to established statutes, the royalty revision for minerals and dead rent has to be done after three years.
The study group will be chaired by the Additional Secretary in the Ministry of mines. It is an inter-ministerial pane comprising officers in the rank of joint secretaries in the ministries of steel, coal and finance and the department of atomic energy. Secretaries of mines of all mineral bearing states and representatives from industry bodies such as CII, Assocham, FIMI and FICCI would be designated as members of this committee.
The study group has been assigned to study the prevailing royalty rates for minerals other than coal, lignite, sand and minor minerals and make appropriate recommendations for revising rates. The group is mandated to study its report in six months.
| Minerals | Rate of Royalty |
| Bauxite | Metallurgical Grade: @0.60% of London Metal Exchange |
| Non-Metallurgical Grade: @25% of Average sale price |
|
| Chromite | @15% of Average sale price |
| Graphite | |
| I. (Carbon>=80%) | @INR 225/MT |
| II. (40%<=Carbon<80%) | @INR 150/MT |
| III. (20%<=Carbon<40%) | @INR 65/MT |
| IV. (Carbon<20%) | @INR 25/MT |
| Iron Ore: (CLO, Lumps, fines and concentrates all grades) | @15% of Average sale price |
| Limestone: | |
| I. L. D. Grade (less than 1.5 % silica content) | @INR 90/MT |
| II. Others | @INR 80/MT |
| Manganese Ore: | |
| I. Ore of all grade | @5% of Average sale price |
| II. Concentrates | @1.7% of Average sale price |
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