Cabinet approves rationalization of royalty rates of Graphite, Caesium, Rubidium and Zirconium minerals critical for Green Energy

India, Nov. 12 -- The Government of India has issued a release:

Mineral

Royalty Rate

Caesium

2% of Average Sale Price (ASP) of Caesium metal chargeable on the Caesium metal contained in the ore produced

Graphite

Rubidium

2% of ASP of Rubidium metal chargeable on the Rubidium metal contained in the ore produced

Zirconium

1% of ASP of Zirconium metal chargeable on the Zirconium metal contained in the ore produced

(i)With eighty per cent or more fixed carbon

2% of ASP on ad valorem basis

(ii)With less than eighty per cent fixed carbon

4% of ASP on ad valorem basis

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approvedin today's meeting to specify/revise the royalty rate of caesium, Graphite, Rubidium and...