The Goa Mines and Geology Department has issued notices to 40 mining firms asking them to pay royalties amounting to Rs 34 crore, which it says was due after the final assessment for the financial year 2012-13.
Director of Mines and Geology Prasanna Acharya said that the royalty was calculated after considering the value of minerals declared by the Indian Bureau of Mines for FY’13.
Companies, including V M Salgaoncar and Bro, Sesa Goa, Dempo and Chowgule, are among the 40 mining leaseholders asked to pay the royalty.
Acharya said that the companies have been given seven days time to pay the royalty, failing which they will be charged an interest of 24 per cent per annum.
He said that the notices were issued recently under the Mineral Concession Rules, 1960.
Goa has collected Rs 279 crore as mining royalty despite the ban on extraction and export of ore since last September.