The Ministry of Mines has proposed changes to the Mineral (Auction) Rules, 2015, to cap the amount of performance security and upfront payments payable after winning the rights to extract minerals. The move addresses concerns regarding financial barriers the might impede bidder participation in auctions of critical minerals.
[2]
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/draft-mineral-auction-third-amendment-rules-2023
[2] http://www.indiaenvironmentportal.org.in/files/file/draft mineral auction third amendment rules 2023.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/ministry-mines
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/minerals
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining-regulations
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
