Increase in royalties render Indian mineral prices among least competitive globally

By Laura Syrett
Published: Friday, 03 October 2014

India is a significant producer of raw materials including barite (barytes), chromite and limestone, but higher resource taxes have pushed the price of these minerals well above global averages for both export and domestic markets.

The Indian government’s decision to increase royalty rates for all domestically produced major minerals is set to make India one of the most expensive raw material suppliers in the world, industry observers have warned.

The government announced that it had approved the revision on 20 August, stating that...

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