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Mining an opportunity: Firm, transparent laws key to attract investments

Parliament has cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, recently. The objective of the Act is to invite investments from the private sector, including foreign companies, for mining minerals such as lithium and other critical minerals. Other than lithium, some of these minerals were classified as atomic minerals, including beryl and beryllium, niobium, titanium, tantalum and zirconium.
Jammu And Kashmir Manoj Kumar Jayaswal Sanjay Bansal Lok Sabha Rakesh Surana Vivek Bharadwaj
Source: rediff.com

8.51% Increase in Coal Production till June, 2023

No worker is retrenched from the services of Coal companies (Coal India Limited/Singareni Collieries Company Limited) on closure of coal mines. Workers are relocated / transferred to other units /establishments for their effective utilization, with pr
Andhra Pradesh Ministry Of Coal Coal India Minerals Development Coal India Limited Singareni Collieries Company Singareni Collieries Company Limited

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Rajya Sabha passes 3 Bills amid opposition walkout over Manipur issue

New Delhi, Aug 2: Amid persisting logjam between government and the opposition parties over Manipur violence, the Rajya Sabha on Wednesday passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, Forest (Conservation) Amendment Bill, 2023 and also the Jan Vishwas (Amendment of Provisions) Bill, 2023. As Lok Sabha has already passed all the
New Delhi Uttar Pradesh Rajya Sabha Jairam Ramesh Bhupender Yadav Pralhad Joshi

India's parliament passes bill to provide fixed 50-year production lease for offshore minerals

The Rajya Sabha passed the Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023, which seeks to provide a fixed 50-year production lease for offshore minerals, through auctions as the route to award production leases. The Bill proposes to remove the provision for renewal of production lease and provide a fixed period of 50 years for production similar to the Mines and Minerals (Development and Regulation) Act, 1957.
Uttar Pradesh Pralhad Joshi Areas Mineral Development Minerals Development Rajya Sabha Upper House

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