Revised rates of royalty for minerals

The Central Government vide notification dated 15th March, 2022 has amended the Mines and Minerals (Development and Regulation) Act, 1957 to revise the RATES OF ROYALTY for following minerals:

1. Emerald: Ten percent of average sale price on ad valorem basis
2. Glauconite and Potash: Two point five percent of price for Muriate of Potash
3. Molybdenum: Seven point five per cent. of London Metal Exchange Molybdenum metal price chargeable on the contained Molybdenum metal in ore produced.
4. Platinum Group of Metals:
   (i) Platinum and Palladium;
   (ii) Rhodium, Iridium and Ruthenium;
   (iii) Osmium:
   Four percent of London Bullion Market Association price chargeable on the Platinum and Palladium metals in ore produced;
   Four per cent. of Johnson Matthey Precious Metals Management price chargeable on the Rhodium, Iridium and Ruthenium metals in ore produced;
   Four per cent. of Osmium-Preis.com price chargeable on the Osmium metal in ore produce
5. Sillimanite, Kyanite and Andalusite: Twelve percent of average sale price on ad valorem basis.