Cabinet approves royalty rates for mining of 12 critical minerals
The government has now decided to specify a reasonable royalty rate of 2-4% on these minerals.
royalty rate
February 2024
October 2023
Cabinet nod to 3% royalty rate for lithium, niobium mining
Cabinet also clears 1% royalty rate for REEs; these minerals have gained significance in view of India’s net-zero emissions target
