The government highlighted Taparko Mining’s potential inability to fulfil its objectives due to ongoing legal issues.
The lease is seen as a significant step in reviving coal mining operations in the north-east region of India.
The company is confident of receiving the approval despite existing concerns surrounding China's influence in critical minerals supply chains.
The taskforce identified more than 4.2 million hectares operated by 51 companies as lacking appropriate forestry approvals.
The move extends Locksley's exploration pipeline, which includes antimony, REEs and polymetallic prospects.
Subject to the completion of formal documentation, the project will transition into a contributing MMJV.
