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India approves Mineral Laws (Amendment) Ordinance 2020

14 Jan 2020 16:25 reported by Andrew Zhang

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India has approved the enactment of the Mineral Laws (Amendment) Ordinance 2020. As a law enacted by the president of India, the effect of the decree will be equal to that of the parliament act. The act would allow the government to implement mining-related policies immediately.

Under the new act, it was expected that the expiration of the lease will have a limited impact on iron ore production in India, which will be lower than the predicted volume of 15-20 million tons in early December 2019.

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