New Indian department to lure mining investors
Published: Thursday, 28 April 2016
India’s Ministry of Mines to establish an inter-ministerial group responsible for revisiting mine auction plans and making it pro-investor, following the disappointing response it received over 43 mineral blocks out of which only six were auctioned last year.
After receiving limited interest from the potential bidders
for mineral-bearing mines, the Indian government has decided to
create an Inter-ministerial Group (IMG) to rework on the plan
in order to facilitate investor interest and ensure successful
auctioning of the mineral blocks.With representation