The Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021
The Ministry of Mines has notified the Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021 to amend the Minerals (Evidence of Mineral Contents) Rules, 2015. The amendment rules have been framed after extensive consultations with the State Governments, industry associations, miners, other stakeholders and general public. The Minerals (Evidence of Mineral Contents) Rules, 2015 have been recently amended in June, 2021, inter alia, to provide for auction to grant a composite licence in respect of areas where at least Reconnaissance Survey (G4) level has been completed or where mineral potentiality of the block has been identified based on the available geoscience data but resources are yet to be established. These amendments were aimed at identifying more mineral blocks for auction and thereby increasing pace of exploration and production resulting in improving the availability of minerals in the country and increase employment in the sector.