LEADING mining companies from Australia and Canada have expressed concerns over the new mining policy that aims to keep 26% of profits for projectdisplaced people.
BHUBANESWAR: Centre has agreed to discuss the final draft of the Mines and Minerals (Development and Regulation) Bill, 2010 with the mineral bearing states before taking approval of the cabinet.
Union Finance Minister Pranab Mukherjee assured this to Chief Minister Naveen Patnaik when the latter met the former at New Delhi on Monday.
As regards debt relief grant of Rs 381.9 crore, Mukherje
Bhubaneswar: The Centre on Monday agreed to have a thorough discussion on the final draft of the Mines and Minerals (Development and Regulation) Bill, 2010 with the chief ministers of the mineral bearing states before taking approval of the Union Cabinet.
An announcement to this effect was made by Union finance minister Pranab Mukherjee during a meeting with chief minister Naveen Patnaik in New
Despite some doubts over the efficacy of the proposed central regulator in curbing illegal mining, the Union government has decided on substantive teeth to the National Mining Regulatory Authority (NMRA) to be set up under the new mining legislation.
The draft of the Mines and Minerals (Development and Regulation) Bill, 2010, finalised by a 10-member Group of Ministers (GoM) after consultations
The government today indicated that domestic coal prices could see an increase if profit-sharing arrangements in the proposed Mines and Minerals Development and Regulation (MMDR) Act were implemented.
The new MMDR Act proposes that either 26 per cent of profit generated by a firm operating the mine or 10 per cent of the royalty, whichever is higher, is to be given to people affected by the proj
Revised Mining Bill To Make Yearly Compensation Must Through Agreement
THE government will make it mandatory for mining companies to pay annual compensation to land losers, through a mutual agreement between the firms and the persons holding traditional rights over the land.
