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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Mineral Explorers May Get New Tools to Raise Funds
Mines ministry consults SEBI, banks, Edelweiss for apt market models The government is exploring options to create innovative market structures that would attract investment in the exploration of minerals,
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Mines Bill to seek Cabinet nod next week
The Mines and Minerals (Development & Regulation) Bill 2011 is all set to be placed before the Union Cabinet for approval next week. The Bill which has been designed to address illegal mining and mandate
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Renewal Plan of Posco’s MoU Remains in Limbo
The Orissa government has failed to keep its commitment for renewal of the revised agreement with Posco-India for the 12-million tonne steel plant near Paradip by July end, as the South Korean company
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Towards beneficial mining
<p> Sustainable mining is an oxymoron. Environmentalists will tell you this. Mining – from coal to limestone – destroys forests, devastates mountains and leaves the land pock-marked.</p>
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After green alarm, SC halts mining in Bellary
New Delhi: The Supreme Court on Friday stopped iron ore mining in Karnataka’s Bellary district after its environmental panel warned that the forest cover of the region would be completely destroyed by
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State should not be in mining business: Minister
<p> Bhubaneswar: Steel and mines minister Raghunath Mohanty on Monday said that it was not possible and desirable on the part of the state government to be in the mining business.</p> <p> Reacting
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GoM pushes mines ministry to settle for prospecting licence bidding
Yielding to pressure from Chhattisgarh and Orissa governments, the Group of Ministers (GoM) has recommended competitive bidding for direct prospecting licences in mineralised areas.
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The Mines and Minerals (Development and Regulation) Bill, 2010
<p><span id="itro1">This draft MMDR bill approved by Group of Minister headed by finance minister Pranab Mukherjee recommends that coal miners should share 26% profit with locals & there should be 100% royalty sharing with locals for non-coal miners. </span></p>
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New Mines Bill to be sent for Cabinet approval
<p> 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 Ministe</p>
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Mines Ministry Does a U-Turn, Now Wants Miners to Share 26% of Royalty With Locals
Mines Ministry Does a U-Turn, Now Wants Miners to Share 26% of Royalty With Locals Earlier, former mines minister BK Handique had stressed that miners share 26% of their net profits In a reversal of its earlier stance, the mines ministry has now suggested that the miners share 26% of royalty instead of profits with local residents.