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MMDR PROPOSAL
Govt looks to dig deeper into mines; changes to MMDR act likely this yearIndia plans amendments to the Mines and Minerals (Development and Regulation) Act for easier funding of overseas acquisitions and mine expa...- 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...
- Form panel to expedite mining lease disposal: Centre to statesThe development follows delays in disposal of cases where prospecting licences or reconnaissance permits were issued before commencement of...
- Union mines ministry to expedite grant of mining leasesThe meetings will be chaired by the union mines secretary and will discuss the pending proposals in order to accelerate their progress befo...
- Government clears proposal to amend MMDR ActGovernment cleared a proposal to amend the MMDR Act to allow transfer of captive mining leases not granted through auction.
- Odisha to set up Mineral Exploration CorporationThe Odisha government today decided to set up Mineral Exploration Corporation Limited (MECL) in a bid to tap virgin mining fields and strea...
- No need to reply to Centre's letter on Prospecting License to Posco: Prafulla Kumar MallickPrafulla Kumar Mallick said there is no need to reply to the Centre's missive seeking clarification on granting Prospecting License in favo...
- Odisha government approves reopening of seven more minesThe Odisha government's inter-departmental committee on mining today approved reopening of seven more mines as per provisions of the Mines ...
- Reconsider plan to transfer surplus coal to CIL: Private power companiesThe Coal Ministry has sought feedback from all stakeholders regarding the policy of disposal of surplus coal from the mines.
- MMDR Bill proposes stricter action against illegal miningThe new Mining Bill proposes to punish offenders with stringent measures ranging from three years imprisonment for mining without lease.
- Expert group to meet this week to review royalty on mineralsn expert group of the Mines Ministry will hold its first meeting this week to review the royalty rates, due for revision next year, for all...
- MMDR proposal to make India most taxed nation in mines sector: FICCIFicci said the imposition of additional burden under the proposed MMDR Act would lead India to become the highest taxed country in the sect...
- Govt tweaks new Mining Bill to address industry concernsThe govt on Tuesday said it has tweaked the proposed new Mining Bill for mandatory 26% profit-sharing by companies with project-affected pe...
- Miners may get some flexibility in offering relief to displacedThe government could dilute a clause in a draft legislation that requires miners to offer a 26% stake to families losing land to projects s...
- Panel to fast-track mine licensingGovt exploring a central coordination-cum-empowered committee to ensure transparency in allocating mines.
- Companies may be allowed to apply for mining leases without NoCs from land ownersThe government is considering a proposal to allow metal and mining companies to apply for mining leases even without obtaining no objection...
- Miners get new lease of life in fresh normsA mining lease that is not renewed or cancelled by a state government in the two years to its expiry may be extended for 20 years, benefitt...
- Mineral policy set for delays as ministry seeks states’ viewsThe National Mineral Policy (NMP) faces yet another delay as the ministry of mines has decided to obtain the views of states on the draft a...
- Govt may allow competitive bidding for mining leasesForeign mining companies, which have been waiting in the wings for some policy clarity before pumping investments into India.
- More set to be merrier for mining multinationalsIn a bid to make the mining sector more attractive for foreign investment, the government is planning to do away with a restriction that pr...
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