Friday 20 March 2015

Otmane El Rhazi : India's upper house passes Bill to auction mines

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



India's upper house of parliament passed a bill on Friday to auction mines that supply minerals like iron-ore and bauxite for the first time, in a thumbs up for Prime Minister Narendra Modi's bid to kickstart an industry that has languished for years. The passage of the Mines and Minerals Development and Regulation Bill by the Rajya Sabha was crucial for Modi because the ruling Bharatiya Janata Party (BJP) lacks a majority in the second chamber.

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