Mineral Laws Amendment Act 2020

Mineral Laws (Amendment) Ordinance 2020

National Mineral Policy (NMP), 1993

In pursuance of the reforms initiated by the Government of India in July, 1991 in fiscal, industrial and trade regimes, the National Mineral Policy was announced in March, 1993. The National Mineral Policy recognized the need for encouraging private investment including Foreign Direct Investment (FDI), and for attracting state-of-art technology in the mineral sector. The policy stressed that the Central Government, in consultation with the State Governments, shall continue to formulate legal measures for the regulation of mines and the development of mineral resources to ensure basic uniformity in mineral administration so that the development of mineral resources keeps pace, and is in consonance with the national policy goals.

• Minutes of the meeting on 4.11.2011 regarding reservation of areas by Rajasthan Govt
• Inputs invited from concerned members of public onDraft Comprehensive Guidelines for Reporting of Mineral Reserves and Resources under UNFC System
• Second meeting of the Inter-Ministerial Committee on development of paper on various models of Venture Capital Investments for exploration and Mining
• Guidelines regarding MoUs for transparency and scientific mineral development
• Constitution of a Steering Committee to Develop a Strategy Paper on Status and Availability of Rare Earth Element (REE) and Energy Critical Element (ECE)
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