The Union authorities has notified the amended minerals concession rules that can pave the way in which on the market of fifty per cent of mineral produced from captive mines, switch of mines with none expenses and partial give up of a lease.
Various amendments had been made within the Mines and Minerals (Development and Amendment) Act, 1957 (MMDR Act) earlier this yr. The adjustments had been geared toward rising employment and funding within the mining sector, rising revenues to states, elevating the manufacturing and time-bound operationalisation of mines, amongst different targets.
An official assertion on Tuesday mentioned the mines ministry has “notified the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Fourth Amendment) Rules, 2021 to amend The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016 (MCR, 2016)”.
The new rules have been framed after intensive consultations with state governments, trade associations, miners, different stakeholders and normal public.
With the amended rules, the federal government has paved the way in which for releasing of further minerals out there by larger utilisation of mining capacities of captive mines. It additionally offers for the way through which 50 per cent of mineral produced from the captive mines could be bought.
The allowance on the market of prescribed amount of mineral shall additionally encourage the lessees to improve the manufacturing from the captive mines, the assertion mentioned.
Further, further premium quantity, royalty and different statutory funds in respect of the amount bought will enhance the income of the state governments.
Provisions have additionally been added to permit disposal of overburden/ waste rock/ mineral beneath the brink worth, which is generated throughout the course of mining or beneficiation of the mineral.
“Minimum space for grant of mining lease has been revised from 5 ha. (hectares) to 4 ha. For sure particular deposits, minimal 2 ha. is supplied”, the assertion mentioned.
Part give up of mining lease space has been allowed in all circumstances. Till now, half give up was allowed solely in case of non-grant of forest clearance.
The amended rules additionally permit switch of composite license or mining lease of all forms of mines.
“New rules inserted to present for mutation of ML/ CL in favour of authorized heirs on demise of the lessee or licensee… Interest on delayed funds revised from present 24 per cent to 12 per cent,” the assertion mentioned.
Rules relating to interval of mining lease granted to authorities firms and their funds have been integrated within the MCR, 2016, it added.
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