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The Dead Rent on major and minor minerals is described in Chapter 9 with current rate of Dead Rent The Chapter 10 deals with royalty and fixed rent for offshore minerals as per Offshore Area Minerals Development and Regulation Act 2002 Mineral Royalties is brought out

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The Mining industry in India is a major economic activity which contributes significantly to the economy of India The GDP contribution of the mining industry varies from 2 2 to 2 5 only but going by the GDP of the total industrial sector it contributes around 10 to 11 Even mining done on small scale contributes 6 to the entire cost of mineral production

17 Major Mineral Resources Found in India

ADVERTISEMENTS Major minerals found in the country along with their estimated reserves are given below 1 Bauxite Ore Aluminium The total in situation reserves is 3 076 million tonnes About 84 per cent of this reserve is of metallurgical grade The conditional resources of bauxite are about 5 99 780 tonnes In addition prospective resources are placed

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