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Centre allows notified pvt exploration agencies to participate in critical mineral blocks auction

The development will attract bigger mining companies in the exploration arena and is likely to encourage junior mining companies from around the world to come to India and take up exploration projects with National Mineral Exploration Trust (NMET) funding.

Govt notifies amended minerals concession rules

With the amended rules, the government has paved the way for releasing of additional minerals in the market by greater utilisation of mining capacities of captive mines.

Lok Sabha passes bill to amend MMDR Act

"The reform in the mining sector would generate 55 lakh direct and indirect employment. To enhance mining activity, we will allow private sector with enhanced technology in mineral exploration," Union minister Pralhad Joshi said.

Continuing with certain provisions of MMDR Act to cause loss to state exchequer: Govt

The ministry said it proposes to amend provisions related to grant of prospecting licence and mining leases, and allocate such mineral blocks through transparent method of auction.

Govt to amend MMDR Act to expedite exploration of coal

The basic premise of amending the Act is to revamp the system of getting clearances in the mining sector and this is one way to plug the gaps.

Odisha ready for auction of four more mines: Minister

The Odisha government is all set to put four more mines on auction under the amended MMDR Act, 2015.

There are more sellers, fewer buyers in cement space: Dalmia

Nisha Poddar of CNBC-TV18 was joined by Puneet Dalmia of Dalmia Bharat, Anil Singhvi of Ican Investments Advisors and Vikram Hosangady of KPMG to understand the big deal between JP Associates and UltraTech Cement, and other deals in the offing.

Form panel to expedite mining lease disposal: Centre to states

The development follows delays in such disposal of cases where prospecting licences or reconnaissance permits were issued before commencement of Mines and Mineral (Development and Regulation) Amendment Act, 2015, which came into force from January 12, 2015.

Mines ministry proposes to amend MMDR Bill: Narendra Singh Tomar

The government's investment plan of Rs 85,000 crore in irrigation is expected to increase the demand for pipes and tubes, Minister of Steel and Mines Narendra Singh Tomar.

Excl: Cabinet may take up MMDR Act amendment this week

The Union Cabinet is likely to consider an amendment to the Mines and Minerals (Development and Regulation) Act, 2015, amid complains that clauses in the law have held up mergers & acquisition in the commodities sector.

Vedanta moves SC against paying for Goa Iron Ore Fund

Goa Iron Ore Fund was set up post an apex court order to address the social impact of mining

Changes in MMDR Act to bring transparency in sector: Sarda

The Union Cabinet has approved changes to the Mines and Minerals Act. The proposed changes were to make auction the preferred mode to sell important minerals.

CCEA hikes royalty rates on 23 major minerals

The union cabinet on Wednesday has decided to hike the royalty rate of 23 minerals including iron ore and manganese. Experts see this as a move to broker peace with states to clinch a deal on GST.

Goa govt to renew 28 mining leases; no auction

In the assembly today, Goa chief minister Manohar Parrikar said the leases will be granted to 27 leaseholders like Sesa Sterlite, Fermento and Salgaoncars amongst others by September 20 and the rest of the leases will be given by October 15.

Mines Min forms expert group to revise royalty on minerals

Mines Ministry has formed an expert group to review royalty rates for all major minerals other than coal, lignite and sand, due for revision next year.