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ET Ind'l Goods/Svs NEWS | Powered by Centre plans to end iron ore leases for mines that don't output after 7-8 months of auction SECTIONS Centre plans to end iron ore leases for mines that don't output after 7-8 months of auctionPTI Last Updated: Jan 17, 2021, 01:13 PM IST Share Synopsis Further, many of the successful bidders who have started production have not maintained the production and dispatch quantity up to the level required under Rule 12A of the MCR, the ministry said. Agencies NEW DELHI: The mines ministry has made a proposal to terminate the ...

The Mines Ministry has made a proposal to terminate the iron ore leases of those working mines that have not started production even after lapse of 7-8 months of auction and have not maintained minimu

Govt mulls ending iron ore leases of mines that delayed production PTI New Delhi:  The mines ministry has made a proposal to terminate the iron ore leases of those working mines that have not started production even after lapse of 7-8 months of auction and have not maintained minimum dispatch for three consecutive quarters. The mines ministry proposed to do so through the amendment of certain mining rules and has invited comments from the stakeholders on the same. “The Ministry of Mines has prepared the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession...