The government today notified the charges for sale of non-auctioned captive mines, a move that will not only boost mergers and acquisitions in the space but will also unlock billions of dollars worth of assets. The transferee shall now have to pay to the State Government as transfer charges an amount equal to 80 per cent of royalty. This will be in addition to payment of royalty.<br/><br/>During the Budget Session that ended in April, the Mines and Minerals (Development and Regulation) Amendment Bill, 2016 was passed, which allows transfer of captive mines without auction and will enable banks and financial institutions to sell stressed assets to recover debts.