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Cabinet Approves Royalty Rates For Mining Of Three Critical And Strategic Minerals- Lithium, Niobium and Rare Earth Elements (REEs)

The Central Government will be able to auction blocks for lithium, niobium, and rare earth elements (REEs) for the first time in the nation thanks to the Union Cabinet’s acceptance of the specification of the royalty rate today. The royalty rate on minerals is a significant financial factor for bidders in block auctions. The Ministry […]