Tag: low grade iron ore economics India

India: Govt amends policy to introduce separate average sale price for sub-Fe 45% grade iron ore

Apr 14, 2026

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by

Adarsh Sahu

in Fines/Lumps

Sub-threshold iron ore gets separate ASP mechanism Royalty to be levied on lumps and fines post screening India has introduced a structural correction to its iron ore pricing framework with the notification of the Minerals Concession (Third Amendment) Rules, 2026 on 10 April. The amendment creates a separate Average Sale Price (ASP) mechanism for sub-45%…