Cabinet approves rationalisation of royalty rates of Graphite, Caesium, Rubidium, Zirconium minerals critical for green energy

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved rationalisation of royalty rates of Graphite, Caesium, Rubidium and Zirconium minerals critical for green energy

As per the Union Cabinet’s decision, the royalty rates have been specified or revised as follows: caesium and rubidium will each attract a 2 per cent royalty based on the average sale price (ASP) of the respective metal contained in the ore produced.

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Zirconium will have a royalty rate of 1 per cent of ASP while graphite will be charged 2 per cent of ASP on an ad valorem basis for ore with 80 per cent or more fixed carbon and 4 per cent for ore with less than 80 per cent fixed carbon, according to the Cabinet.

The Cabinet decision will promote auction of mineral blocks containing c