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Bauxite prices to go up post new mines bill
Edited by : AL CIRCLE
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Bauxite and coal among other minerals are likely to become more expensive once the new Mines Bill, approved by the Cabinet on Friday, comes into effect.
"Prices of all the minerals will go up due to this (the new Mines Bill), once enacted," the Federation of Indian Mineral Industries' Secretary General R K Sharma said.
The Mines and Mineral Development and Regulation (MMDR) Bill, 2011, which seeks to share 26 per cent of profits by coal miners with project-affected people, was on Friday approved by the Cabinet. It will be tabled in Parliament's Winter Session.
"Prices of all the minerals will go up due to this (the new Mines Bill), once enacted," the Federation of Indian Mineral Industries' Secretary General R K Sharma said.
The Mines and Mineral Development and Regulation (MMDR) Bill, 2011, which seeks to share 26 per cent of profits by coal miners with project-affected people, was on Friday approved by the Cabinet. It will be tabled in Parliament's Winter Session.
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