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ROYALTY ON MINERALS
Supreme Court upholds higher mining royalty after law changeThe Supreme Court ruled that state governments can charge higher royalties from mining companies if laws change after a tender agreement. I...- Not a minor issue! Andhra CM N Chandrababu Naidu raises Major Laterite Matter with CentreAndhra Pradesh Chief Minister N Chandrababu Naidu has raised concerns over a recent Union government policy change. This change reclassifie...
- Natural gas mineral firm WhiteHawk reveals sevenfold revenue surge in US IPO filingWhiteHawk, a leading natural gas royalty firm, is taking the stock market plunge with its initial public offering. This comes on the heels ...
- To tax or not to tax mineral rights in India? SC to hear pleas on May 20The Supreme Court will hear pleas on May 20 concerning legislative power to tax mineral rights, as the Centre's curative petition is pendin...
- NMDC hikes iron ore prices by Rs 200 tonneState-owned NMDC has raised iron ore lump and fines prices by Rs 200 per tonne, effective immediately. Baila lump ore is now priced at Rs 5...
- Govt amends pricing norms for low-grade iron ore to check wastage, boost steel supplyThe government has revised pricing norms for low-grade iron ore, including Banded Haematite Quartzite and Jasper, to encourage its utilizat...
- Rules allowing inclusion of contiguous mining area notifiedNew rules allow mining lease holders to expand their areas. This applies to deep-seated minerals and associated minerals. The contiguous ar...
- NMDC hikes iron ore prices by up to 11.1% effective April 5In a pivotal move, NMDC, the state-owned giant, is set to hike iron ore prices effective April 5, 2026. Following an unprecedented producti...
- Royalty rates on 4 key minerals rationalisedThe royalty rates for caesium and rubidium have been set at 2% of the average sale price (ASP), applicable to the metal contained in the pr...
- Cabinet rationalises royalty on Graphite, Caesium, Rubidium and ZirconiumThe Union Cabinet has rationalized royalty rates for Graphite, Caesium, Rubidium, and Zirconium minerals, crucial for high-tech application...
- Supreme Court asks govt to final decision on case regarding royalty computation of mineralsThe Supreme Court has urged the Indian government to make a final decision regarding the calculation of royalty on minerals. The court high...
- SC reserves verdict on whether royalty on minerals is taxThe Supreme Court reserved its verdict on the taxation of minerals royalty under the Mines and Minerals Act, addressing the conflicting vie...
- Cabinet approves royalty rates for 12 critical mineralsWith this, the exercise of rationalising royalty rates for all 24 critical and strategic minerals is complete, an official statement said. ...
- CII seeks clarification on computation of average sale price of auctioned mines by IBM“On an average, additional amount to the extent of about 20% is being charged over and above the applicable charges on account of premium, ...
- Royalty on minerals to states to swell by 41 per cent to Rs 13,274 croreMineral-rich states like Odisha, Chhattisgarh and Jharkhand will be the biggest beneficiaries of hike in royalty rates by the Union Cabinet.
- Decision on higher royalty on minerals soon: GovernmentThe Mines and Minerals (Development and Regulation) Act, 1957 does not mandate the Central Government to revise the rates of royalty every ...
- Govt expects royalty from minerals to doubleThe government today said revenues from minerals are likely to almost double after the implementation of the proposed Mines legislation.
- New royalty rates for minerals like iron ore in AugustThe government today said it will finalise new royalty rates for major minerals other than coal, lignite and sand by August this year.
- 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...
- New royalty norms to curb iron ore exportThe government is planning to put further restrictions on iron ore export by introducing a system of royalty for minerals.
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