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Centre revises royalty rates for uranium mining

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  • The new simplified system of calculating the royalty takes into account the fact that mining of uranium is due to start in some other states as well in the next few years. Work is ongoing to start mining operations in Kadappa district of Andhra Pradesh. UCIL hopes to make this mine functional in the next couple of years. Two additional underground mines in Jharkhand and one in Karnataka are to follow suit. In due course, UCIL also hopes to begin mining in Meghalaya, which has huge reserves of uranium but where mining has not been able to take off because of strong resistance from the local population.

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