IRON-ORE
India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030.
In the course of inter-Ministerial consultations about a new National Mineral Policy, the Steel Ministry has made a case for the rationalisation of royalty rates on iron-ore mining, the conceptualisation of special mining zones and the creation of linked transport corridors for an efficient supply chain.
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