Tag: Coal Royalty

India: Coal Ministry proposes amendments to Mineral Concession Rules

Jul 25, 2022

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by

Abdul Sayeed

in Non Coking

The Ministry of Coal (MoC) has recommended changes to the Mineral Concession Rules (MCR), 1960 in a bid to enhance ease of doing business. The term ‘Mineral Concession’ refers to a license, permit, or other contract that gives companies the rights to extract minerals from public lands. Under this exercise, the ministry has reviewed penal…