The draft National Mineral Policy (NMP), 2018 released by the government proposes long term export policy for the mineral sector as an incentive for investing in large scale commercial mining activity. Government seeks views on the draft National Mineral policy 2018 till Feb 9, 2018.

The Mines and Mineral Development and Regulation Act, 1957 was amended in 2015. Subsequent to the amendment, the Ministry of Mines notified the Mineral Auction Rules, 2015 on 20/05/2015 to prescribe the procedure of the auction process.

The Ministry of Mines has prepared the draft Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Amendment) Rules, 2017 seeking to amend the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016.

The Ministry of Mines invites suggestions on draft Offshore Areas Mineral (Development and Regulation) Amendment Bill 2017 seeking to amend the Offshore Areas Mineral (Development and Regulation) Act 2002.

The Ministry of Mines invites suggestions on draft Mineral (Auction) (Amendment) Rules, 2017 seeking to amend the Mineral (Auction) Rules, 2015.

The Mines Ministry has decided to impose a penalty of up to Rs.500,000 on those who violate provisions of Mineral Conservation and Development Rules 2017. The ministry has notified the new rules which will be supersede Mineral Conservation and Development Rules 1988. It had a provision of fine of Rs.50,000, or imprisonment up to two years.

The Ministry of Mines has prepared the draft rules named “The Mineral Conservation and Development Rules, 2016” under section 18 of the MMDR Act, 1957, for the conservation and systematic development of minerals and for the protection of environment and for purposes connected therewith.

Mines Ministry has asked the Department of Atomic Energy (DAE) to provide the exploration data of areas where the occurrence of atomic minerals is less than the threshold value to expedite auction of such blocks.

In a bid to attract private investments including foreign direct investment into the business of mineral exploration, the government cleared a new National Mineral Exploration Policy (NEMP). It policy allows for making the basic geoscience data, a pre-requisite for investments in the sector, to be made publicly available

The government of India has notified the Minerals (Transfer of Mining lease Granted otherwise than through Auction for Captive Purpose) Rules, 2016. The new regulation will not only boost mergers and acquisitions in the mining and related sectors but will unlock billions of dollars of additional revenue to the states.

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