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India sets new deadlines for mining projects auctioned since 2015, with penalties for delays and incentives for early output.
India has introduced intermediate deadlines to speed up mining projects auctioned since 2015, effective October 17, 2025.
The updated rules set specific milestones—like mining plan approval within six months and environmental clearance within 18 months—replacing the prior three-year deadline with no interim checks.
Penalties of 1% of the bank guarantee per month apply for delays, but can be offset by the auction premium if final deadlines are met.
Early production triggers incentives: 50% of the premium is due if minerals are dispatched before five years for mining leases and seven years for composite licenses.
A state-level committee will assess delays and impose penalties only if the bidder is at fault.
The changes apply retroactively, requiring performance security within 45 days of a Letter of Intent.
Since 2015, 585 major blocks—including 34 critical minerals—have been auctioned, with 112 sold in the first seven months of 2025.
The move aims to reduce delays, prevent squatting, and boost production.
India establece nuevos plazos para los proyectos mineros subastados desde 2015, con penalizaciones por retrasos e incentivos para la producción temprana.