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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GoM meet on July 7 to decide on sharing of mining profits
A Group of Ministers (GoM) chaired by Pranab Mukherjee is expected to finalise a methodology for sharing of mining profits with local residents when it meets on July 7.
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Supplementary note for the Group of Ministers on Mines and Minerals (Development and Regulation) Bill, 2011
<p>Supplementary note for the Group of Ministers on Mines and Minerals (Development and Regulation) Bill, 2011.</p>
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Mines min rules out captive iron ore blocks for UMSPs
The mines ministry has ruled out granting captive iron ore mines for the proposed Ultra Mega Steel Plants (UMSPs) to be set up across the country. The ministry has instead suggested that assured supply of ore can happen through a separate linkage policy.
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Posco MoU: No decision yet on ore export
Bhubaneswar: The Odisha government on Wednesday said that the state government is hopeful of renewing the MoU with Posco India by June-end but a decision on the controversial iron export clause has not been taken yet. The steel and mines department is examining whether to delete the provision. The renewed MoU with Posco-India will have retrospective effect.
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Chawla committee to drop proposal for gas purchase agency
New Delhi Following divergent views among various government wings and user industries, the Ashok Chawla panel on pricing and use of natural resources is likely to drop its proposal for a designated natural gas trading agency to buy the clean fuel from gas producers at contracted prices and sell it to customers at market rates.
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Revised Posco pact may exclude ore swap clause
The revised memorandum of understanding (MoU) with Posco India may not include the earlier controversial clause on iron ore swapping.
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Govt to revamp handling of natural resources
Busy fighting corruption charges, the government has decided to form two committees of secretaries (CoS) for revamping crucial processes which are at the root of corrupt practices.
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Weed out non-serious MoUs: Mines min to states
The Ministry of Mines, arguing that memoranda of understanding (MoUs) signed by mineral-rich states with steel or mining companies have no legal sanctity and are not enforceable, has directed the states to review existing agreements every six months vis-a-vis results and
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State to finalize draft mineral policy in a month
Bhubaneswar: The Odisha government has proposed to come out with a specific mineral policy in line with the National Mineral Policy of the Centre. The draft of the policy is expected to be readied within a month and it will be posted on the site of the state steel & mines department to invite objections and comments from various stakeholders. The state specific mineral policy will emphasize
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Centre nod for concessions to end in new mining law
The new mining law being framed by the government is a hotbed of controversy in more ways than one.