Comparison of Royalty Rates of Iron ore, Manganese ore and Chromite for India, Australia, Brazil, Canada, China, South Africa, Thailand

It is evident from the data that the royalties of three minerals taken is much higher in India as compared to other resource-rich countries. The Mining Industry in India is gripped with a multitude of problems. While the ambient level of effective taxation on mining is reasonable for most of the mineral-rich countries, the same for India at the current rate works out to be around 10%, higher than the sector average, after implementation of DMF and NMET levies.