A significant supply disruption is possible in mineral availability because of the expiry of mining leases in April 2020 according to a report by the Confederation of Indian Industry (CII).
The report titled Towards a Globally Competitive Minerals and Mining Industry said, “A number of leases are due to expire in 2020. With the auction process for these mines still under consideration and given that the process from auctioning a mine to actually commencing operations is long, significant disruption in supply is possible.”
“It may be noted that the mining leases for another set of mines will expire in 2030…leases for 329 merchant mines are due to expire on 31 March 2020. Of these, 281 mines are on-working,” the report said.
