Recently, the government sanctioned royalty rates for three pivotal and strategic minerals -- lithium, niobium, and rare earth elements (REEs).
Recently, the Mines and Minerals (Development and Regulation) Amendment act, 2023, was passed. The amendment, among other things, delisted six minerals, including lithium and niobium, from the list of atomic minerals, thereby allowing grant of concessions for these minerals to the private sector through auction. |
What is a Royalty?
Mineral royalties: Also called mineral rights, mineral royalties are paid by mineral extractors to property owners.
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Constituents of Royalty:
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DELHI (Karol Bagh)
GS SCORE, 1B, Second Floor, Pusa Road, Karol Bagh, New Delhi - 110005 (Beside Karol Bagh Metro Station Gate No. 8)
BHUBANESWAR (Jaydev Vihar)
GS SCORE, Plot No.2298, Jaydev Vihar Square, Near HCG Day Care, BBSR - 751013
LUCKNOW (Aliganj)
GS SCORE, 2nd Floor, B-33, Sangam Chauraha, Sector H, Aliganj, Lucknow, UP - 226024