MMDR AMENDMENTS
Centre plans speeding up MMDR amendments to boost critical mineral availability
India is accelerating efforts to enhance the domestic availability of critical minerals, prompted by concerns over concentrated global supply chains and geopolitical tensions. Amendments to the Mines and Minerals (Development and Regulation) Act are being expedited.
Govt stresses on potential of exploration licence regime in unlocking critical mineral reserves
The government is emphasizing the transformative potential of exploration licenses to unlock India's critical mineral reserves, encouraging private sector involvement in early-stage exploration. The Ministry of Mines held a workshop and roadshow, highlighting the shift from passive ownership to active exploration for minerals like lithium and REEs. The auction of 13 exploration license blocks for critical minerals is underway.
Telangana auctions limestone mines in a first for the state
Telangana has joined 12 other states in the mineral auction regime by bidding out two limestone blocks, eight years after the MMDR Amendment Act. Deccan Cements and NCL Industries have acquired these blocks. The state is also being urged to auction iron-ore and manganese blocks. Tamil Nadu and Arunachal Pradesh are also part of this mineral auction initiative.
Centre may amend MMDR Act to prevent further levies
Some companies could face dues running into thousands of crores if Thursday's Supreme Court order is applied retrospectively. This is because there are pending demands such as cess on royalty already raised by some state governments on mining operations.
Mineral exploration projects almost doubled in last four years
“The National Mineral Exploration Trust (NMET) has funded 270 mineral exploration projects in the country out of which 162 projects have been completed,” Joshi said while adding that 88 of these have been successful. With 21, the highest number of successful NMET funded projects are in Odisha. Deposits of Iron, Copper, Manganese, Limestone, Bauxite, and Graphite were found in the state.
MMDR Amendment Act 2023 gets President's nod
President Droupadi Murmu has approved the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2023, which empowers the central government to auction mines and promote production of 26 crucial minerals in India rapidly.
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Upper house passes MMDR Amendment bill
The Mines and Minerals (Development and Regulation) (MMDR) Amendment Bill, 2023 has been passed by both the Rajya Sabha and Lok Sabha, empowering the Indian government to conduct auctions of 26 critical minerals, including lithium, cobalt and graphite. State governments currently auction mining blocks.
Lok Sabha passes MMDR Amendment bill
The Mines and Minerals (Development and Regulation) Amendment Bill, 2023 has been passed by the Lok Sabha. This bill will give the Central government the power to exclusively auction mining leases and composite licences for 26 critical minerals in India. The amendment is aimed at encouraging private sector participation in the exploration of deep-seated minerals, which include nickel, platinum and tin-bearing minerals, as well as lithium, graphite and cobalt that are needed for electric vehicles and batteries. This is the fifth amendment to the MMDR Act since 2014.
MMDR amendment bill 2021 a game changer for natural resources sector: Anil Agarwal, Chairman, Vedanta
“It will contribute to the creation of over five million jobs and will considerably reduce India’s import dependence for basic materials,” Agarwal said, addressing the company’s shareholders in the annual report released Thursday.
Centre taking steps for development of mining sector: Government tells LS
The minister said considering the future of mining industry, the National Mineral Exploration Trust has been constituted under Section 9(C) of the MMDR Act for taking up detailed and regional exploration and studies for mineral development.
Govt to amend MMDR Act to expedite exploration of coal
A bill for bringing the amendment to the Mines and Minerals Development and Regulation Act will be introduced in the next session of Parliament.
Captive mine lease holders have right of first refusal: Government
He said that industry body Federation of Indian Mineral Industries (FIMI) had raised the issue for extending the non-captive mining leases till March, 2030.
States discuss deferment of e-auction of mineral blocks at meeting of state mining ministers
The outcome of auctions is being affected by factors like quantity and grade of ore, quality of the mineralization studies, land ownership pattern, etc.
Mines minister Narendra Singh Tomar to meet state mines ministers on key issues
The mines ministry is convening a meeting of mining ministers from across states in Jaipur on Friday to discuss issues pertaining to the mining sector.
Bill to amend the Mines and Minerals Act introduced in Lok Sabha
A Bill to amend the Mines and Minerals Act to include the provisions of allowing transfer of captive mines granted through procedures other than auction was introduced in the Lok Sabha.
Government clears proposal to amend MMDR Act
Government cleared a proposal to amend the MMDR Act to allow transfer of captive mining leases not granted through auction.
Government to amend MMDR Act for allowing transfer of mining leases
The government today said it will take views from the public, states and industry on amending the MMDR Act to include provisions allowing transfer of captive mines granted through procedures other than auction.
Need government support to check iron ore imports: NMDC
The miner has plans to increase mining capacity to 75 million tonnes per annum by FY19 and 100 MTPA by FY22 from the current level of 34 MTPA.
States to put 82 blocks for auction by October-November: Mines Secretary
In March this year, the government passed the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2015.
Centre, states to discuss mine auction, DMF at CCEC meet tomorrow
CCEC will tomorrow take up readiness for mineral auction by states as well as the progress in setting up DMF.
Shivraj Singh Chouhan, Narendra Singh Tomar lay foundation stone for Hindustan Copper's project
Chief Minister complimented the Ministry of Mines and HCL for taking initiatives for commencement of Malanjkhand Underground mine project.
Mines ministry prepares draft rules for mineral auction
The Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2015 was notified on March 27, 2015 to amend the MMDR Act, 1957.
MMDR amendment will bring investments, to push up costs too: Experts
Mining consultants said it will help align the mining industry with the rest of the economy and help attract much-needed investment.
SBI Capital Markets to make presentation on mines auction rules next week
The govt roped in the investment banker around 15 days after President promulgated the Mines and Minerals (Development and Regulation) Amendment Ordinance, 2015, in the second week of January to suggest the rules for auction and bidding parameters.
Government mulling amendments to MMDR Act to bring mineral auction
Government is considering amendments to the MMDR Act, 1957, to bring in provision of auction for bulk minerals like iron ore & others.
Government holding talks with stakeholders for new Mines Bill: Narendra Singh Tomar
The government will soon come out with a new Mines Bill in consultation with all stakeholders in place of the lapsed previous Bill
Companies may be allowed to apply for mining leases without NoCs from land owners
The government is considering a proposal to allow metal and mining companies to apply for mining leases even without obtaining no objection certificate (NoC) from land owners, an official in the ministry of mines said.
Miners get new lease of life in fresh norms
A mining lease that is not renewed or cancelled by a state government in the two years to its expiry may be extended for 20 years, benefitting companies that lose time and revenues due to states’ apathy.
Mineral policy set for delays as ministry seeks states’ views
The National Mineral Policy (NMP) faces yet another delay as the ministry of mines has decided to obtain the views of states on the draft amendments to the Mines and Mineral (Development and Regulation) (MMDR) Act.
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