CSE welcomes the government’s proposal to provide 26 per cent of mining profits to local communities. Says that benefit-sharing proposed by MMDR Act 2010 is in line with global best practices & refutes industry’s contention that it will hurt the mining companies.
SHILLONG: The much-delayed draft of the State Mining Policy will be ready by next month, Deputy Chief Minister Bindo M Lanong in-charge Mining and Geology Department said on Friday. The Mining Policy is expected to regulate mining activities, especially coal and limestone mining, and also conserve the fast-depleting forest cover in the mineral-rich areas.
Sudheer Pal Singh / New Delhi August 19, 2010, 1:51 IST
When former Karnataka Lokayukta N Santosh Hegde recently said that vested interests were controlling the mining industry, he was not exaggerating, considering that India registered over 182,000 cases of illegal mining across 17 states in the last five years alone.
The Union government data show that Andhra Pradesh
NEW DELHI: The Centre is planning to give a 26 per cent share in mining profits to tribal people and to set up a regulatory body to check illegal mining, Union Minister of Mines B.K. Handique informed the Rajya Sabha on Monday.
NEW DELHI: A Group of Ministers (GoM) will discuss on Thursday issues pertaining to illegal mining, a ban on iron ore exports, the new mining legislation and setting aside a share in the profits of mining companies for the development of tribal areas.
Nitin Sethi | TNNNew Delhi: Mining companies in tribal areas should shell out 26% of their equity while individual and other operators should share 26% of their profits with the affected people.
