Ministry of Mines notifies significant amendments to the Mineral Concession Rules providing methodology for publishing ASP of Haematite Iron Ore below the threshold value including for BHQ and BHJ

India, April 14 -- The Government of India has issued a release:

The Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2026 on 10th April, 2026 providing the methodology for publication of average sale price (ASP) of Haematite Iron Ore below the threshold value, including for Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ).

The threshold value of a mineral is the limit below which the material obtained after mining can be discarded as waste. The notified threshold value for Haematitic Iron Ore is 45% Fe (Min.). There are huge quantities of iron ore below the threshold value in the country and some of which is in the form of BHQ or BHJ, w...