ore, bauxite (nonmetallic), chromite, manganese ore, etc. Royalty is vital concern not only to the State Government, but also to the Mining Industry. This publication also covers the historical developments in the rates of royalty and mineralwise royalty collected by States in a tabular form.
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Mining Code. Government right to 15% nondilutable freecarried interest and to acquire up to a further 20% interest for cash. These are maximum levels of Government participation – final terms in every case to be negotiated individually in a Mining Agreement between the Government and the mining company and will include royalties, tax rate, tax holidays etc.
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