Parliament has cleared amendments to the MMDR Act to enable transfer of previously allotted captive non-coal mines.
Tag: MMDR
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States to put 82 blocks for auction by Oct-Nov: Mines Secy
The 12 mineral producing states will put 82 mining blocks containing minerals such as iron ore, bauxite, limestone under the hammer by October-November this year, according to a top government official.
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Mining: Struggling to emerge from doldrums
Karnataka now finds itself in the company of other states in the clamp down on mining and ore transport. This means India will soon drop down in its export rankings of ore, adding to the brewing export and currency troubles. A Shivkamal writes that in this delicate environment, further reforms in mining will prove to be difficult to implement, at least in the near future.
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Cabinet approves new Mining Bill
The Union Cabinet approved the Mines and Mineral Development and Regulation (MMDR) Bill, 2011. The Bill aimed at curbing illegal mining and bringing more transparency in the allocation of licences for mining.The Bill has provisions for 26 percent profit sharing by coal miners and an amount equivalent to royalty by non-coal miners with project affected people.