The Union Cabinet has approved National Mineral Policy 2019. The New National Mineral Policy will ensure more effective regulation. It will lead to sustainable mining sector development in future while addressing the issues of project affected persons especially those residing in tribal areas.
In July 2017, the Tanzanian National Assembly enacted three laws, under a certificate of urgency, which together will have a profound impact on the resources sector in Tanzania.
The Ministry of Mines has prepared the National Mineral Exploration Trust Amendment Rules, 2018 seeking to amend the National Mineral Exploration Trust Rules, 2015. States will now have to deposit the fund collected under the National Mineral Exploration Trust (NMET) to the Consolidated Fund of India instead of the trust’s own bank account.
The Ministry of Mines has prepared draft Sand Mining Recommendations which would address concerns of sand mining and ensure availability of sand while maintaining the sustainability in sand mining.
The Ministry of Mines has prepared the draft National Mineral Exploration Trust Amendment Rules, 2018 seeking to amend the National Mineral Exploration Trust Rules, 2015.
The Ministry of Mines has prepared the draft Mineral Conservation and Development Amendment Rules, 2018 seeking to amend the Mineral Conservation and Development Rules, 2017. As part of the Pre-Legislative Consultation Policy, the draft Amendment Rules is made available.
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.
Tamil Nadu, which has long been delaying setting up the District Mineral Foundation, has finally notified the institution and has framed the rules to govern the body. The DMF would ensure that a part of the royalty received by the Central and State governments is earmarked for developing areas affected by mining activities.
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.
