FIMI claims it will affect miners to the tune of Rs.15,000 cr The Union Mines Minister, Dinsha Patel, on Monday said the landmark new draft Mines and Mineral Development and Regulation Bill, 2011, which provides for profit sharing and royalty provision for affected people, would be sent for approval of the Union Cabinet within a fortnight. The Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee had last week approved the draft bill which provides 26 per cent profit sharing by coal mining companies and 100 per cent royalty sharing by others with project-affected people.