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In a recent development, the central government has introduced new revisions to the Mineral auction rules. These changes aim to ensure transparency and fair competition in the bidding process. According to the revised rules, the upfront payment for mineral auctions will now be capped at Rs 500 crore.
In October, the Ghanaian government signed a lithium mining agreement with an Australian company and it has been widely rejected by broad sectors of society.
The government announced the auctioning of 76 mineral blocks in 2023, with 30 for mining lease and 46 as composite licenses. Madhya Pradesh and Rajasthan led in block auctions. Iron Ore and limestone were among the highest auctioned minerals this year.
Of the 76 mineral blocks, 30 mineral blocks were auctioned for mining lease and the remaining 46 were sold as a composite licence.
India News: RANCHI: The Jharkhand high court on Wednesday dismissed the PIL filed against Jharkhand chief minister Hemant Soren and his relatives in an illegal mi.