The Ministry of Mines (MoM) have issued the “Draft Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Amendment Rules, 2021” to further amend the “Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016”. Following are the key highlights of the draft notification: Insertion of proviso after sub-rule (i) of rule 44; Provided that in respect of metals for which LME does not publish the daily settlement price, the monthly average price for that metal published by LME shall be multiplied by monthly average of reference rate for the currency in which the price is obtained.
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