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At present, the government accepts self-declaration of price by mining companies on the basis of sampling by authorised labs. The Indian Bureau of Mines (IBM) considers such self-declared prices to announce the average sale price (ASP) for different grades of the ore. However, there are wide variations in the sale price of similar ore grades by different miners, officials said. Moreover, the ASP is declared by IBM with a lag. The September 2023 price, for example, was declared on December 5.

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