Proposed mining refinement in an upcoming month; Around 500 coal blocks will be auctioned in next 2-3 years: Pralhad Joshi

The basis for the reform proposals includes an amendment to the controversial provisions of 10A (2) (B) and 10A (2) (C) of the MMDR Act, a move that now seeks to auction nearly 500 potential leases stuck in legacy issues. Will pave the way.

New Delhi (Natural Energy News): The central government is planning to come out with proposed mining reforms in a month or two and the amendment and minerals minister Prahlad Joshi said that the auction of the mineral block would start after two to three months. The Ministry of Mines had earlier sought recommendations from the general public, mining business and other stakeholders on the proposed reforms in the Mines and Minerals (Development and Regulation) Act, 1957.

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"We need to bring these reforms very immediately. In next month or so, refinement (proposed mining reforms) should come out," Pralhad Joshi said in an interview.

He said the government was looking at the response to the proposed reforms and stressed that the Center intends to auction at least 500 mineral blocks in the coming two to three years.

The purpose for the reform plans contains a modification to the contentious conditions of 10A (2) (B) and 10A (2) (C) of the MMDR Act, an action that now strives to auction almost 500 possible leases stuck in legacy issues. Will pave the way.

Category 10A (2) (B) consensuses with leases where reconnaissance permit or surveying license was granted while 10A (2) (C) deals with grant of mining leases.

Joshi said that 10A (2) (B) and 10A (2) (C) of the Act are of a mixed opinion and stressed that it does not want to go into details on the same.

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The Minister of Mines was of the view that the Center would have to convince the State Governments before the auction of the mineral blocks as the Ministry of Mines was the only policymaker and "the rest (about the auction) is with the State Government."

Under the Aatmanirbhar Bharat scheme, the Center announced in May to increase private investment in the mineral sector and bring other reforms.

In order to implement the declarations, the Ministry of Mines has proposed legislative amendments to the MMDR Act, 1957 to make structural reforms in the mineral sector to accelerate development and employment generation.

The proposals include increasing mineral production and employment generation by redefining the criteria for auction of mineral blocks and ensuring a seamless transition from production to exploration.

These include resolving inheritance issues to move towards just one auction for the allocation of mineral resources, bridging the gap between captive and non-captive mines, developing a transparent national mineral index and illegal mining among others The definition includes clarifying.

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