Fimi says existing leaseholders have invested huge resources and time to undertake risky exploration activities and have helped India to discover valuable mineral deposits
The Ministry of Mines is now proposing a major shift in policy that can bring more than 700 mineral blocks into the auction mandate
Non-plant grade bauxite has limited avenues of usage in India and thus it was mostly exported but the duty on its export hampered business
The national mineral policy now being formulated should set out a specific road map for the sector, and indicate the extent to which mining can contribute to the country's GDP