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Hidden cost implications for mining industry remain

While Mines and Minerals Bill injects much-needed transparency in mine allocations, several hidden cost implications for the beleaguered mining industry remain.

Hidden costs remain for mining industry

(Photo: Reuters)

The government has set the stage for a paradigm shift in the mining sector with the passage of the Mines and Minerals Bill in Parliament. A crucial reform is the adoption of an auction-based regime, injecting much-needed transparency in mine allocations. But there are several hidden cost implications for the beleaguered mining industry.

Mineral

Mineral output



Mineral

Mineral production as part of world market share



Investment

Investment in exploration



Number

Number of active mines



Provisions

Provisions of the Act



(Illustrations by: Raj Verma; Research by: Niti Kiran)

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