The government of Goa has decided to impose a 22% premium on the price fixed by the Indian Bureau of Mines (IBM) for erstwhile mining leaseholders in the state. This move comes as a response to the demand from mining companies for a higher premium on the ore extracted from the leases. The decision was made during a meeting between the Chief Minister and the representatives of the mining industry. The government aims to strike a balance between the interests of the mining companies and the state’s revenue. The premium will be applicable to the ore extracted by leaseholders who have not paid the required stamp duty for renewal of their leases. This decision is expected to have a significant impact on the mining sector in the state, which has been facing challenges in recent years. The government is hopeful that this move will help in boosting revenue and ensuring fair compensation for the natural resources being extracted. Stay updated with the latest news on mining and government policies by following Times of India.