What is good news is
"The National Mineral Policy (NMP) enunciates measures like assuring rights to next stage mineral concession, transferability of mineral concessions and transparency in the allotment of concessions in order to reduce delays which are seen as impediments to investment and technology flows in the mining sector in India. The policy also seeks to develop a sustainable framework for optimum utilisation of the country’s natural mineral resources for the industrial growth in the country and at the same time improving the life of people living in the mining areas, which are generally located in the backward and tribal regions of the country."
If this is the case the IRL should be certain to get Aravalli as well as some of the other PL, RP and ML applications. But the timespan is the problem, IRL management needs to be constantly on the job making sure that these leases and Mining Licences are granted.
IRL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
