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Sep 15, 2020 Donimalai is rich in iron ore and was in the custody of state-owned NMDC for 50 years when its lease period ended in 2018, sources in the government privy to the issue said Since then the renewal did not happen as Karnataka wanted a premium of 80 per cent, which NMDC did not agree to, the sources said, adding that the state was losing GST, royalty, premium, economic activities around.
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