| In a bid to replace the Mining Act of 1957, India's Mines Ministry tabled the new Mining Bill in Parliament proposing that coal miners share 26% of the profit and non-coal miners' 100% of the royalty annually with project affected people.
Mining Minister Dinsha Patel said the Bill would ensure that mining projects would not get scuttled by the local population as has been happening in the past. Displaced persons have been seeking adequate compensation and have stalled projects of companies like Korean steelmaker Posco and ArcelorMittal...............................................Full Article: Source
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