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The Central government is likely to amend the Mines and Minerals (Development and Regulation) Act, to fix royalty rates for lithium, niobium and rare earth minerals.According to sources, the Union Cabinet is likely to clear the proposal during its me
The Union Cabinet on Wednesday approved amending the Mines and Minerals (Development and Regulation) Act, to fix royalty rates for Lithium, Niobium and rare earth minerals.The royalty will be 3 per cent each for Lithium and Niobium while for ...
The decision on the royalty rates for the three critical and strategic minerals was taken by the Union Cabinet chaired by Prime Minister Narendra Modi, says official
The auction rate for lithium has been decided at 3% of London Metal Exchange price, Niobium's at 3% of average sale price, and that of rare earth elements at 1% of average sale price of rare-earth oxide
New Delhi, October 11 (IANS): The Union Cabinet on Wednesday approved amending the Mines and Minerals (Development and Regulation) Act, to fix royalty rates for Lithium, Niobium and rare earth minerals.