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India urged to reform mineral exploration policies

Sumit Deb the outgoing President of the Federation of Indian Mineral Industries (FIMI) has called for comprehensive reforms to stimulate mineral exploration in India

Centre directs states to begin auction of non-captive mines

The Central Government has asked the states to begin auction of 348 non-captive mining leases that are expiring in 2020. This shall provide enough time to the successful bidders to seek necessary clearances before commencing operations.

Casual attitude of States is hurting mining sector: FIMI

Federation of Indian Mineral Industries (FIMI) has stated that the casual attitude of State governments towards the mining sector is hurting the industry. FIMI said that about 65,000 applications are pending in states related to reconnaissance permit, prospecting license and mining leases.

Industry bodies wants govt to avoid hike in royalty

Members of a government appointed Study Group recommended the government to avoid any hike in royalty for zinc, lead and other non-ferrous minerals as it would adversely affect the domestic mining industry. It may be recalled that the government formed this group to recommend royalty rates for these minerals. The group consists of industry bodies like Ficci, Asso

FIMI wants govt to withdraw export duty on bauxite

Reports indicate that the Federation of Indian Mineral Industries (FIMI) requested the central government to withdraw export duty of 10 percent levied on export of low grade bauxite. The industry body argues that the proposed levy may force mine closures in states like Gujarat and Maharashtra and affect the direct and indirect employment opportunities for

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