Mining Industry is in danger – Part-6
The royalty rate also very high in India compared to other mineral rich countries. International Comparison of Minerals Specific Royalty Rates: 2012 Country Iron Ore Coal Copper Gold Australia 6.5%-7.5% 7%-10% 2.7%-3.5% 0% – 2.5% Brazil 2% 2% 2.02% 1% Ghana 5% 5% 5% 5% India 15%* 14%* 4.20% 2% Indonesia 3% 3%-7% 4% […]