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India

Government of India approves royalty rate on mining of Lithium, Niobuim and Rare Earth Elements

On October 11, The Union Cabinet approved amendment for specifying rate of royalty in respect of 3 critical and strategic minerals, namely, Lithium, Niobium and Rare Earth Elements (REEs) and will enable the Central Government to auction blocks for the first time in the country. Further, manner for calculation of ave....

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