{"id":213014,"date":"2022-11-04T18:29:24","date_gmt":"2022-11-04T12:59:24","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=213014"},"modified":"2022-11-04T18:29:24","modified_gmt":"2022-11-04T12:59:24","slug":"captive-mines-may-get-to-sell-50-output-in-open-market","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/captive-mines-may-get-to-sell-50-output-in-open-market\/","title":{"rendered":"Captive mines may get to sell 50% output in open market"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201cCaptive mines may get to sell 50% output in open market\u201d<\/b><span style=\"font-weight: 400;\"> published in<\/span><b> Livemint <\/b>on<b> 4th November 2022.<\/b><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The government is planning to soon allow <\/span><span style=\"font-weight: 400;\">captive mines producing major minerals to sell half their output in the open market.<\/span><\/p>\n<h5><b>What are Captive mines?<\/b><\/h5>\n<p><a href=\"https:\/\/forumias.com\/blog\/what-is-the-difference-between-captive-and-non-captive-mines\/#:~:text=Captive%20Mines%3A%20Captive%20mines%20are,used%20to%20have%20captive%20mines.\"><b>Click Here to read<\/b><\/a><\/p>\n<h5><b>What is the current limit on captive mines?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">Currently, captive mine operators can sell 50% of the annual output from their mines but only after meeting the entire needs of the end-use plant for which a mineral block was originally allocated by the government.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This limit is thought to disincentivize miners from raising mineral production as the end-use clause was seen as an impediment.<\/span><\/p>\n<h5><b>What are the changes the government is planning to bring?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The government is planning to allow <\/span><span style=\"font-weight: 400;\">captive mines producing major minerals to sell half their output in the open market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This change is aimed at incentivizing captive mines to increase mineral production in turn boosting manufacturing and job creation. It essentially allows captive miners to turn commercial miners for half their production.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cCaptive mines may get to sell 50% output in open market\u201d published in Livemint on 4th November 2022. What is the News? The government is planning to soon allow captive mines producing major minerals to sell half their output in the open market. What are Captive mines?&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/captive-mines-may-get-to-sell-50-output-in-open-market\/\">Continue reading <span class=\"screen-reader-text\">Captive mines may get to sell 50% output in open market<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10501],"class_list":["post-213014","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704924979},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/213014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=213014"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/213014\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=213014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=213014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=213014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}