New Methodology for Publishing Sale Price of Low-Grade Haematite Iron Ore

The Ministry of Mines of India announced significant amendments to the Mineral Concession Rules, introducing a new methodology for publishing the average sale price of Haematite Iron Ore below the threshold value. These changes facilitate sustainable mining practices by making low-grade iron ore resources, including Banded Haematite Quartzite and Banded Haematite Jasper, economically viable for beneficiation and processing.

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