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Mining firms must make locals shareholders, says ministry [1]

The mines ministry, in a unique move, has proposed that companies that receive a mining lease will from now have to mandatorily make people residing in the project area stakeholders. Companies will need to offering at least 26 per cent shares through the promoter

Publication Date: 
07/04/2010
Indian Express (New Delhi) [2]
Tags:
Mining [3], Mineral-Based Industry [4], Compensation [5], Poverty [6], Ministry of Mines [7], India [8]

Technology Partners: MimirTech

Source URL: http://admin.indiaenvironmentportal.org.in/news/mining-firms-must-make-locals-shareholders-says-ministry

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/mining-firms-must-make-locals-shareholders-says-ministry
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/indian-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mineral-based-industry
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/compensation
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/poverty
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-mines
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india