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Draft Mineral (Auction) Third Amendment Rules, 2023

sheeja's picture
Submitted by sheeja on Wed, 2023-12-27 15:11

The Ministry of Mines has proposed changes to the Mineral (Auction) Rules, 2015, to cap the amount of performance security and upfront payments payable after winning the rights to extract minerals. The move addresses concerns regarding financial barriers the might impede bidder participation in auctions of critical minerals.

thesaurus: 
Minerals
Mining Regulations
India
Publisher : 
Ministry of Mines
Main Topic: 
Mining
Mark Content Private(Internal): 
Email Alert: 
5
Publication Date: 
26/12/2023
Document Type: 
Reports