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Compensation sought for project approval delays

By:  
Creamer Media Correspondent
 
LEGISLATIVE ENVIRONMENT
Responding to the Indian government’s invitation for comment on the draft National Mineral Policy (NMP), mining companies have indicated they want compensation for delays in the granting of mandatory government approvals. Seeking a time-bound grant of the approvals, industry has said that a mining leaseholder should be compensated for delays “beyond reasonable causes”.
 
 
 
 
 

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