The Ministry of Mines on December 01, 2023, issued the Draft Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Second Amendment) Rules, 2023, to further amend the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016.

The Ministry of Mines has decided to promote Research and Innovation in Start-ups and MSMEs and has brought out guidelines for “Promotion of Research and Innovation in Start-ups and MSMEs in mining, mineral processing, metallurgy and recycling sector (S&T-PRISM)”.

Central Government vide notification dated 12th October, 2023 has issued the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Amendment) Rules, 2023 to provide following directions regarding pricing atomic minerals: In the Mine In respect of Lithium, the equivalent lithium metal prices calculated on the basis of the week

With misclassification of different grades of minerals by mining leaseholders found to be at the root of illegal mining, the Union mines ministry has tightened the procedure to be followed by states for grading and determining the average sale price (ASP) of iron ore and other major minerals.

In a recent development, the Ministry of Mines has introduced significant amendments to the Atomic Minerals Concession Rules, 2016. These amendments, effective upon their publication in the Official Gazette, impact mining activities related to atomic minerals and rare earth elements (REE).

While the state government is preparing for the third round of iron ore mineral blocks, the Union mines ministry has tightened the Mineral Auction Rules, 2015 to make it compulsory for states to inform to the Centre within the next 45 days on mines that are ready for auctioning.

These Guidelines seek to provide renewed scientific impetus to address the emerging mining challenges, broaden the participation of stakeholders, introduce the concept of cost-sharing and make the research in Mines more productive, with an emphasis on outputs and outcomes.

The Union Minister of Coal & Mines has unveiled India's first-ever report on “Critical Minerals for India” identifying a list of 30 critical minerals. India has taken a significant step towards enhancing its strategic resource security by officially releasing its first-ever critical minerals list.

The Ministry of Mines on February 09, 2023 was notified regarding seeking comments/suggestions on the Amendment of the Offshore Areas Mineral (Development and Regulation) Act, 2002. The Ministry of Mines has prepared a draft of the amendments proposed in the Offshore Areas Mineral (Development and Regulation) Act, 2022 (OAMDR Act).

The Ministry of Mines on February 18, 2022 has issued the Mineral (Auction) Amendment Rules, 2022 to further amend the Mineral (Auction) Rules, 2015. This shall come to force on February 18, 2022.

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