India Proposes Stricter Rules for Mineral Block Auctions, Removes Area Limits
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India Proposes Stricter Rules for Mineral Block Auctions, Removes Area Limits

India is proposing stricter rules for mineral block auctions, including potentially cancelling leases if production doesn't commence within two years of signing. The government also plans to remove area limits for mining concessions to encourage more participation and faster development of resources. These changes aim to boost domestic output and reduce supply constraints by discouraging the hoarding of mining rights.

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