Mines Ministry to tweak captive mine transfer rules: Sources

Mines Ministry is likely to finalise transfer fees of 80-150 percent for captive mines by June, CNBC-TV18's Anshu Sharma said, quoting sources. Transfer fee to be 80-150 percent of royalty of minerals, the sources added. Sources have also said that it may not be possible to have a single transfer fee for all minerals. Sources believe that the move will pave way for stuck deals like Jaiprakash Associates-UltraTech Cements and the upcoming Lafarge deal in the cements space. Watch video for more details