In exercise of the powers conferred by section 13 of the Mines and
Minerals (Development and Regulation) Act, 1957 (67 of 1957), the Central Government makes the following rules further to amend the Mineral Concession Rules, 1960.
A Bill to provide for the scientific development of mines and minerals under the control of the Union and the regulation of activities connected therewith. This Act may be called the Mines and Minerals (Development and Regulation) Act, 2009. It extends to the whole of India. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
In respect of minerals (other than minor mineral, coal, lignite and sand for stowing), the Central Government revised the rates of Royalty and Dead Rent vide Official Gazette notification number GSR 574 (E) dated 13th August 2009 and GSR 575 (E) dated 13th August 2009 respectively.
This act is for the scientific development of mines and minerals under the control of the Union and the regulation of activities connected therewith. It extends to the whole of India.
Revised guidelines by Ministry of Mines for states on submission of mineral concession proposals. States can now recommend cases for areas not prospected if they are satisfied about the establishment of existence of mineralization.
Minerals are a valuable natural resource being the vital raw material for infrastructure, capital goods and basic industries. As a major resource for development the extraction and management of minerals has to be integrated into the overall strategy of the country's economic development. The exploitation of minerals has to be guided by long-term national goals and perspectives.
