Parliament passed a new Mineral Law
12 Mar 2020
On 12 March 2020, The Indian Parliament passed the Mineral Laws (Amendment) Bill, 2020, amending the Mines & Mineral (Development and Regulation) Act 1957 and the Coal Mines (Special Provisions) Act, 2015. The amended provisions provide that companies, which do not possess any prior coal mining experience in India and/or have mining experience in other minerals or in other countries may participate in auction of coal/lignite blocks. Companies, which are not "engaged in specified end-use" can also participate in auctions of Schedule II and III coal mines. The removal of the end use restriction allows wider participation in auction of coal mines for a variety of purposes such as own consumption, sale or any other purposes as may be specified by the Central Government.
-
Type:
-
Entry and establishment (Approval and admission)
-
Industry:
-
Primary (Mining and quarrying)
-
Sources:
