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India: NMDC's Donimalai to restart operations

After twenty two months of waiting, NMDC will be able to resume mining at Donimalai in Karnataka. This however, comes at a cost – to begin with a royalty of 37.5% against the usual 15%.
Ever since the MMDR (Amendment) Act 2015 introduced auctions, and these in turn began fetching state government additional revenue in premiums, states have been reluctant to grant renewals to PSUs. Despite the Act not providing for it and a High Court order, Karnataka had refused to budge from its demand


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