Mining Reforms News Today

In its latest move, the Indian government is reportedly looking at clearing some more reforms before the critical minerals mining auction

GMPF blames Goa foundation for loss of over 3L livelihoods ​ By IANS | Published on ​ Wed, Feb 3 2021 14:21 IST | ​ 0 Views Coal mine.. Image Source: IANS News New Delhi/Goa, Feb 3 : During the recent meeting of Goa Mining dependents under the banner of Goa Mining Peoples Front (GMPF) at Kalsai, Dharbandora Taluka South Goa, GMPF, strongly alleged that irresponsible actions of Goa foundation as the reason for stoppage of Goa mining industry which has resulted in loss of over 3 lakh l...

Though the fine print and official confirmation of the mining sector reforms the Union Cabinet approved on Wednesday are yet to come, industry players are elated at the steps taken. There are, however, concerns over implementation at the state level and the environmental impact of mining. “Directionally, it is a good set of reforms. But since implementation is with state governments, the key lies in how each state executes it at its end. Even today, for a final go or no go, in terms of appr...

The amendments, now to be laid before Parliament in the Budget session, do away with distinction between captive and non-captive mines, allowing transfer of mining leases.

The Union Cabinet is learnt to have approved a reform package for the mineral mining sector which would entail amendments to three existing laws, pricing formula for minerals, exploration of mines and several taxes and duties levied on mining. Officials said this is expected to boost production and private investment in the sector. The Centre has removed the distinction between captive (self-use) and merchant (commercial sale) mines. The Centre would amend the Mines and Minerals (Development ...