Mineral Auction
Ministry of Mines Introduces Intermediate Timelines for Mineral Block Auctions
The Ministry of Mines has amended the Mineral (Auction) Rules, 2015, to introduce intermediary timelines for activities from the issuance of the Letter of Intent (LoI) to the execution of mining leases. This aims to expedite the operationalization of auctioned mineral blocks, with penalties for delays and incentives for early