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LIMESTONE ROYALTY
Centre mandates auction of all limestone minesThe Centre has classified all limestone as a major mineral, removing end-use distinctions and mandating auctions for all mines. This move a...- Royalty rate rejig proposed for Graphite, Limestone, low-grade Iron oreThe Mines Ministry has proposed alterations in royalty rates for several minerals including graphite, limestone, and low-grade iron ore to ...
- Shree Cement wins bid for Maharashtra limestone mineShree Cement, India's third largest cement manufacturer, has secured a limestone mine in Maharashtra. The mine, with estimated reserves of ...
- Chhattisgarh earns record mineral revenue of Rs 12,941 crore in 2022-23"Limestone and bauxite too fetched sizable revenue. Dantewada contributed Rs 6419 crore, followed by Korba Rs 2361 crore, Raigarh Rs 1717 c...
- Mines auction to fetch states Rs 1.5 lakh cr in 2017-18: Mines SecretaryKumar said participation is likely to be increased as more mines including limestone, iron ore and gold mines will be put for auction.
- Mines auction picks up pace; states to get Rs 59,500 crore revenueThe first successful auction took place in February 2016, with two small limestone blocks in Chhattisgarh going under the hammer.
- States begin process to auction 32 minesThe initial bids for mines in these states, which also include Andhra Pradesh and Madhya Pradesh, are scheduled to start from this week, ex...
- Government to set up online portal for monitoring mine clearancesCentre and states will create a platform to monitor the status of clearances and approvals of auctioned mines bearing minerals such as gold...
- Government to auction 42 blocks in second phase of mines auctionThese blocks have been identified by seven state governments for auction under the Mines & Minerals Development & Regulation (Amendment) Ac...
- Essar Steel wins first iron ore mine with aggressive bidEssar Steel won the first iron ore mine auctioned by the government with a bid that was at a premium of 44.35% over the royalty.
- Govt to get over Rs 6,700 crore from auction of two limestone blocksGovernment is expected to earn a revenue of over Rs 6,700 crore after Chhattisgarh successfully conducted mine lease auction for two large ...
- Government to get Rs 5800 crore from country's first mine lease auctionChhattisgarh has become the first state to successfully conduct mine lease auction of a limestone block, assuring revenue of around Rs 5,80...
- Mineral-rich states expected to auction up to 70 mines this fiscalNine mineral-rich states are expected to auction up to 70 mines this fiscal, according to mines secretary Balvinder Kumar.
- Government hikes royalty rates on mineralsGovt gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell ann...
- Decision on raising royalty rates soon: Narendra Singh Tomar, Steel and Mines MinisterThe rates of royalty revised every three years for major minerals - excluding coal, lignite and sand for stowing - were last revised in Aug...
- Budget 2012: Levy uniform and specific rate of excise duty on cement, says CMACMA in its pre-budget memorandum has asked the government to encourage cement industry and bring it at par with other core and infrastructu...
- Mines ministry pushes for new iron ore royalty mathsThe mines ministry will push for a new system of calculating royalties instead of the current practice of basing it on an average price det...
- Ad valorem to make ore royalty heavierThe government is close to finalising a new system of royalty payments for minerals which will double the revenue that states earn but incr...
- Govt puts mineral royalty hike on holdInlation has taken a toll on yet another reforms initiative.
- Iron ore royalty may see 10-fold increaseIn what may impact the business plans of companies like Tata Steel, SAIL, Posco and LN Mittal group’s Mittal Steel, the government is prepa...
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