The Ministry of Mines has issued a clarification to the Odisha government confirming the permission granted to SAIL for sale of 25% of the minerals produced in the previous year under MMDR Act, 1957. Also, SAIL will be allowed to sell 50% of current year’s production as per the provisions of the newly-introduced section 8A (7A) of MMDR Act. For minerals sales taking place after 28 Mar’21, however, SAIL has to pay the applicable additional charge as per the 6th Schedule of the MMDR Amendment Act, 2021. Following the order, SAIL resumed auctions from Odisha on 25 May’21.
Leave a Reply