Business Line reported that the Steel Ministry would ensure that raw material demands of steel manufacturers, especially secondary steel producers, are met when the mining leases expire in 2020. Minister of Petroleum & Natural Gas and Steel, Mr Dharmendra Pradhan said that the Steel Ministry is working with Ministry of Mines for least disruption in the process and is developing a roadmap for auction of mines. Mr Pradhan said that the Ministry is also exploring ways to build in clearances along with the leases so that the new lease holders need not go for clearances again.
Mining leases for coal and iron ore are slated to expire during March 2020.
Source of information