MMDR ACT 1957
Government to review 2019 mineral policy amid new sector priorities
The Centre is initiating a review of the National Mineral Policy, 2019, to address current sector demands. A nine-member committee will review the policy to reflect recent developments, especially in critical minerals. The committee is expected to submit recommendations within two months after its formation. Experts emphasize the need for a revised policy to enhance India's mineral potential and investment.
Indian Bureau of Mines invites applications to set up mineral exchange
The Indian Bureau of Mines is inviting applications from companies to set up a mineral exchange. Interested applicants have until November 2 to submit their applications for consideration. This initiative follows the notification of the Mineral Exchange Rules, 2026, to facilitate trading of minerals. The government seeks to identify capable entities to establish a transparent and technology-enabled exchange.
Critical Mineral Mission to boost exploration efforts: G Kishan Reddy
Union Minister G Kishan Reddy announced the National Critical Minerals Mission, backed by Rs 32,000 crore, to boost critical mineral exploration and mining. The mission aims for self-reliance, with the Geological Survey of India undertaking 1,200 exploration projects. India has identified 30 critical minerals essential for clean energy and national security, streamlining their auctioning and supply.
Viksit Bharat 2047: New mining law on cards
The Centre plans to replace the Mines and Minerals (Development and Regulation) Act, 1957, with new legislation to align with Viksit Bharat 2047 goals. An inter-ministerial committee, including representatives from various ministries and Niti Aayog, has been formed to draft the new law, incorporating future trends and consulting stakeholders.
MMDR Amendment Act 2023 gets President's nod
President Droupadi Murmu has approved the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2023, which empowers the central government to auction mines and promote production of 26 crucial minerals in India rapidly.
Upper house passes MMDR Amendment bill
The Mines and Minerals (Development and Regulation) (MMDR) Amendment Bill, 2023 has been passed by both the Rajya Sabha and Lok Sabha, empowering the Indian government to conduct auctions of 26 critical minerals, including lithium, cobalt and graphite. State governments currently auction mining blocks.
Cabinet clears amendments to mining law
These changes will allow the auction of more than 500 mines for gold, diamond, platinum, copper, zinc and lead among others, and are expected to attract big-ticket investment from mining giants.
Mines minister discusses with cement players strategies to simplify mining leases transfer
"In my meeting today with representatives from Cement Manufacturers Association, deliberated on initiatives to boost ease of doing business. Discussion was also held on strategies to simplify transfer of mining leases and promote exploration and mining activities," Joshi said in a tweet.
Proposed mining reforms in a month; at least 500 blocks to be auctioned in 2-3 years: Joshi
The slew of reform proposals include amending the contentious provisions of 10A(2)(b) and 10A (2)(C) of the MMDR Act, a move that would pave the way for auctioning of around 500 potential leases stuck in legacy issues now.
Govt revises list, 38 coal blocks to be auctioned for commercial mining: Coal Ministry
The revision in the list includes addition of three blocks Dolesara, Jarekela and Jharpalam-Tangarghat (in Chhattisgarh) and withdrawal of five blocks -- Morga South, Fatehpur, Madanpur (North), Morga-II and Sayang (in Chhattisgarh).
Royalties included in mining law to limit growth potential of iron ore industry: Fitch Solutions
"As part of India's 2016 Union Budget, export duties for iron ore lumps and fines below 58 per cent Fe content were reduced to nil from 30 per cent and 10 per cent respectively. This reduction was aimed at boosting shipments from the western state of Goa where the Supreme Court lifted an earlier iron ore mining ban," the rating agency said.
Centre taking steps for development of mining sector: Government tells LS
The minister said considering the future of mining industry, the National Mineral Exploration Trust has been constituted under Section 9(C) of the MMDR Act for taking up detailed and regional exploration and studies for mineral development.
Captive mine lease holders have right of first refusal: Government
He said that industry body Federation of Indian Mineral Industries (FIMI) had raised the issue for extending the non-captive mining leases till March, 2030.
Government clears proposal to amend MMDR Act
Government cleared a proposal to amend the MMDR Act to allow transfer of captive mining leases not granted through auction.
Mines ministry prepares draft rules for mineral auction
The Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2015 was notified on March 27, 2015 to amend the MMDR Act, 1957.
Government mulling amendments to MMDR Act to bring mineral auction
Government is considering amendments to the MMDR Act, 1957, to bring in provision of auction for bulk minerals like iron ore & others.
Federation of Indian Mineral Industries suggests steps to attract investment in mining sector
FIMI also called for rationalization of tax regime to incentivize potential investors, saying that the mining industry in India is amongst the highest taxed.
Centre turns down Odisha govt’s plan to reserve mining for OMC
The Union mines ministry also advised the state govt to withdraw its resolution dated October 3 and 12 which goes against the interest of local miners.
Mines Bill seeks holistic reforms in the sector: UPA report
The new Mines Bill aims at introducing holistic reforms in the mining sector, the UPA government today said in a report.
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