Tag: MMDR Act

India: Govt to allow captive mines to sell 50% of annual production in open market

Feb 11, 2021

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by

Ankita Chakraborty

in Chrome Ore

The Ministry of Mines has proposed to amend the MMDR Act to allow lessees of captive mines to sell up to 50% of minerals excavated during the year. An additional amount will be charged by the government on all such sale. From the non-auctioned captive mines, the additional amount due to the government from sale…