Page 51 - Minerals Development News Today

Cabinet likely to approve mining reforms proposal tomorrow Amendments in the Mines and Minerals (Development and Regulation) Act, 1957 have been proposed, say sources. Lakshman Roy January 12, 2021 / 07:41 PM IST Few months after the amendments in the Act, the government may auction around 500 blocks in the next 2-3 years. The Union cabinet is most likely to consider the proposal of mining sector reform for enhancing private investment, in the m...

Updated: Share Article AAA The High Court of Karnataka has struck down the new rule enacted to collect ₹70 per tonne from persons who transport processed building stone materials such as aggregates or jelly, size stones, boulders, M-sand, and other varieties from other States with a valid permit. The court held that under neither Section 15 nor Section 23-C of the Mines and Minerals (Development and Regulation) Act of 1957 was power vested on the State government to make up rules for regulat...

Representative Image of a Gold Mine (Source: Suresh Suresh / Facebook) In a positive development, the government is set to roll out the remaining proposed reforms for the mining sector in January, which would then pave the way for auctioning of at least 500 mineral blocks across the nation, reports Financial Express. Sharing the development, Secretary, Ministry of Mines Anil Kumar Jain emphasised that 2021 will be a "bridge year between the past and the future." Kumar exuded confidence that 20...

Govt collects ₹8,965 cr till Nov from auctioned, allotted coal blocks On 25 August, Supreme Court had ruled that all the coal mines allocated since 1993 had been given away illegally. On 24 September, it cancelled the allocation of 214 out of 218 coal blocks. Photo: Getty Images 1 min read . Updated: 29 Dec 2020, 06:37 PM IST PTI Till date, 11 coal blocks under the MMDR Act have been allotted to various government companies, where two blocks are for commercial purpose and the remaining nin...

The government mopped up Rs 8,964.75 crore till last month from the auctioned and allotted mines, according to the coal ministry. These revenue figures consist of upfront amount and monthly premium only, while royalty and taxes or cess are payable over and above these payments, the coal ministry said in its E-Booklet on reforms. Apart from 204 coal mines covered under the Coal Mines (Special Provisions) Act, the remaining blocks are allocated under the Mines and Minerals (Development and Reg...

Indias mining sector to witness reforms, flurry of activities in 2021 The reforms will pave the way for auctioning of at least 500 mineral blocks, Mines Secretary Anil Kumar Jain told PTI and emphasised that calendar year 2021 will be a "bridge year between the past and the future". PTI December 28, 2020 / 12:25 PM IST The countrys mining sector will see "hectic activities" in the new year with the central governments approvals for pending mining ...

The borehole is expected to provide safe and clean drinking water to the community of Kanyanga. KWC Chairperson Gertrude Mundia said the borehole will supply water to about 500 households in the community. She said having access to clean water in the area will enhance and strengthen the operations of businesses and small scale mining activities being undertaken by the community. And speaking on behalf Ministry of Mines and Minerals Development Acting Permanent Secretary Fred Banda, Director for...

MPAs vow to support girls’ education efforts Peshawar December 23, 2020 PESHAWAR: A number of Khyber Pakhtunkhwa Assembly members on Wednesday vowed to support the girls’ education efforts in the province and signed a consensual statement to reaffirm the commitment. The resolve was made during a consultative meeting on girls’ education organised by a non-governmental organisation, Blue Veins. The members of the standing committee on Elementary and Secondary Education and other lawmakers...

The Embassy of the United States is partnering with the Government of the Republic of Zambia to strengthen regulatory oversight and improve fiscal governance in the country’s vital mining sector. The U.S. Department of State Bureau of Energy and Natural Resources, through an 18-month program under its Energy Governance and Capacity Initiative (EGCI), has joined with Deloitte to provide technical assistance to the Ministry of Mines and Mineral Development. U.S. technical assistance will provid...

Home / News & Events / U.S. Launches Program to Strengthen Regulatory and Fiscal Governance in Zambia’s Mining Sector LUSAKA – The Embassy of the United States is partnering with the Government of the Republic of Zambia to strengthen regulatory oversight and improve fiscal governance in the country’s vital mining sector.  The U.S. Department of State Bureau of Energy and Natural Resources, through an 18-month program under its Energy Governance and Capacity Initiative (EGCI), has ...