Union mines ministry

Union mines ministry News

Govt to seed mineral trust with Rs500 cr

Holders of mining leases or prospecting-cum-mining leases would pay to the NMET a sum equivalent to 2 per cent of the royalty they pay to the Centre.

Panel of Secretaries against capping iron ore production

The commerce ministry has already rejected the inquiry panel’s suggestion on banning iron ore exports as such a decision has to be in the overall interest of the nation.


Mines ministry to seek legal opinion on LLP firms getting mining leases

The Union mines ministry has decided to seek legal opinion on whether limited liability partnership (LLP) companies should be given mineral concessions or mining leases as suggested by stakeholders in the mining industry.

Orissa escalates royalty fight,cites CAG report

Unwilling to budge from its stand,Orissa government has now cited the observation of Accountant General on levy of royalty to bolster its case on levying royalty for minerals extracted within the state’s boundaries