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Indian Mining Poised to Boom

House panel proposes royalty-based payment for coal miners

A Parliamentary committee headed by Trinamool Congress MP Kalyan Banerjee, suggested the government to mandate coal and lignite mining firms to contribute an amount equal to royalty towards a district mineral foundation (DMF). While the new mining bill mandates miners of major minerals like iron ore and bauxite to make such a contribution, the bill mandates coal and lignite mines to pay

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