Updated on 17 Jun 2026
View the official document for Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2026 PDF, which includes amendments to the royalty on run-of-mine minerals and average sale price calculation for low-grade hematite iron ore.
The Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2026 have been notified by the Ministry of Mines under the Mines and Minerals (Development and Regulation) Act, 1957. This amendment has come into effect from 10 April 2026 and brought about substantial modifications regarding the applicability of royalty and determination of average sale prices for low-grade hematite iron ore. Under the amendment, a proviso has been added to Rule 39 stipulating that where processing of the run-of-mine mineral reduces its economic value, royalty will be levied on lumps and fines following screening of the unprocessed run-of-mine mineral. Under the amendment, Rule 45(13) has been included, authorizing IBM to publish average sale prices for hematite iron ore below Fe threshold grades, such as Banded Hematite Quartzite (BHQ) and Banded Hematite Jasper (BHJ). This is essential information for mining lease holders, iron ore producers, mineral traders, mining consultants, lawyers, and regulatory authorities involved in mineral valuation, royalty calculation, and mining compliance in India.