The Mineral Laws (Amendment) Bill, 2020
<p>Parliament passed The Mineral Laws (Amendment) Bill, 2020 for amendments in Mines & Mineral (Development and Regulation) Act 1957 and The Coal Mines (Special Provisions) Act, 2015. Rajya Sabha passed
Ministry of Mines
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Ministry Pushes for New Iron Ore Royalty Maths
The mines ministry will push for a new system of calculating royalties instead of the current practice of basing it on an average price determined by the Indian Bureau of Mines, ministry officials said.
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Unlocking the potential of the Indian minerals sector
India has initiated several progressive policy measures, putting itself in a good starting position to undertake the transformation of the mining sector. Unlocking the potential of the mining sector in
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Centre takes action against 25 Goa mines
The Indian Bureau of Mines (IBM) has taken action against 25 mines from Goa in terms of the provisions of the Mineral Conservation and Development Rules, 1988 for exceeding the production limits. A
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Notices from Indian Bureau of Mines to 25 more mines for excess mining
PANJIM: After acting against 19 mines, the Indian Bureau of Mines (IBM) is in the process of issuing notices to 25 more mines which have extracted iron ore in excess of the permissible capacity specified
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Union Ministry of Mines rubbishes Adv. General Kantak's contention on dumps, claims 10.89 million tons moved to China over 4 years
PANJIM: The Union Ministry of Mines has observed that approximately 10.89 million tons of iron ore lying in dumps have been removed and dispatched in last four years with increasing demand for low grade
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44 Goa mines exceeded extraction limit
Panaji: Indian Bureau of Mines has initiated action against 25 mines in Goa which had “exceeded” the limit of extraction, a mines ministry official said. G Srinivas, joint secretary in the ministry, in
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Black marketers set to lose coal blocks
Govt initiates action against Prakash Ind while Monnet Ispat & Sunflag under scanner Faced with severe coal shortage and closure of power plants, the government plans to cancel coal blocks allotted to
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Steel consortium asks PMO for financial help in Hajigak project
The consortium of Indian companies, which has bid for the Hajigak iron ore mine in Afghanistan, has appealed to the Prime Minister’s Office (PMO) for financial assistance in executing the ambitious project.
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Mining Bill to introduce royalty at a concession
Profit-sharing with tribal people and auctioning of mineral concessions are not the only landmark changes proposed in the new mining Bill. The Bill also envisages ushering in a regime of royalty concessions
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FinMin rejects tax exemption for mining bonds
The Finance Ministry has raised several questions on the mines ministry’s proposal on attracting investors to the country’s investment-starved mining sector. It has, in a recent note to the inter-ministerial