Around 20 mines across country to be auctioned soon
PTI Around 20 mines across the country would be put to auction soon, Union Secretary for Mines Balvinder Kumar said here today. Of the total 17 mines auctioned so far after amendment of the MMDA Act, the highest 7 blocks belonged to Karnataka. One mining block of Odisha has been auctioned so far, Kumar said after a discussion with Odisha Chief Secretary A P Padhi here. He asked the state government to take steps for execution of lease deeds of 60 mines in the state. "We reviewed all cases. We called mines owners also. They explained the cases and I have also requested the chief secretary that the state government should give priority to these cases," Kumar said. If these lease deeds were ...
Himachal govt issues guidelines for scientific mining
PTI Himachal Pradesh government has notified the guidelines for transparent auction and scientific mining and hiked the penalty for offences under the mining act. The government has decided that the mining lease would be granted through open auction, officials said. In order to curb illegal mining the state government has notified Himachal Pradesh Minor Minerals (Concession) and Minerals (Prevention of Illegal Mining,Transportation and Storage) Rules, 2015 providing for stringent punishment for illegal mining. Imprisonment up to two years or fine up to Rs 25,000 or both has been made for those involved in illegal mining of minerals, their transportation and holding. The compounding of offence for illegal mining has been linked with quantity of illegally extracted material and in addition to the minimum compounding fee of Rs ...
Private sector to have equal partnership in mining auction
The Dollar Business Bureau The Central Government is in the process of finalizing a policy to engage private players in mining sector. According to Union Minister for Steel and Mines, Narendra Singh Tomar, private sector would be brought in as an equal partner into the process once the guidelines and framework have been finalized. “82 mining blocks have been earmarked for auction and will be announced by end of October as Phase-I. Another 96 blocks have been identified for Phase-II,”he said addressing the Mining Leaders Roundtable meeting organised by the Confederation of Indian Industry (CII) in New Delhi on Friday. The auction process would be based on data provided by the Mineral Exploration Corporation of the states, he said, adding thathe will also ...
