{"id":624652,"date":"2023-12-27T11:53:27","date_gmt":"2023-12-27T06:23:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=624652"},"modified":"2023-12-27T11:53:27","modified_gmt":"2023-12-27T06:23:27","slug":"centre-proposes-cap-on-performance-security-and-upfront-amount-to-auction-critical-and-strategic-minerals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/centre-proposes-cap-on-performance-security-and-upfront-amount-to-auction-critical-and-strategic-minerals\/","title":{"rendered":"Centre proposes cap on performance security and upfront amount to auction critical and strategic minerals"},"content":{"rendered":"<p>The Mines Ministry has proposed capping the performance security and upfront amount \u2013 payable after bagging the rights to extract minerals \u2013 for making critical and strategic mineral blocks more lucrative for mining companies. Presently the performance security and upfront amount is a percentage of the Value of Estimated Resources (VER).<\/p>\n<p>According to the Mines Ministry, \u201cSuch huge requirement for performance security and upfront amount would reduce participation of the bidders in the auction process.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Mines Ministry has proposed capping the performance security and upfront amount \u2013 payable after bagging the rights to extract minerals \u2013 for making critical and strategic mineral blocks more lucrative for mining companies. Presently the performance security and upfront amount is a percentage of the Value of Estimated Resources (VER). According to the Mines Ministry, \u201cSuch huge requirement for performance security and upfront amount would reduce participation of the bidders in the auction process.\u201d<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-624652","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/624652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=624652"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/624652\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=624652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=624652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=624652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}