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Industry Specific-Mines Central Ministry of Mines Mines and Minerals (Development and Regulation) Act, 1957

Mines and Minerals (Development and Regulation) Amendment Act, 2023

09-Aug-2023 | CG-DL-E-10082023-247989

The Ministry of Law and Justice issues Mines and Minerals (Development and Regulation) Amendment Act, 2023 to further amend the Mines and Minerals (Development and Regulation) Act, 1957, this amendment shall come into force on a date to be announced by the authority.
By the virtue of this amendment, changes have been made in sections, Insertion of new sections and sub-sections and substitution of chapter names.

Key highlights of the amendment are as follows:

1. A new section 10 BA has been introduced which informs about the ?grant of exploration license for minerals specified in seventh schedule for auction?.
2. A new section 11D has also been inserted which specifies ?Central Government to conduct auction for grant of mining lease or composite licence in respect of minerals specified in Part D of First Schedule.
3. The headline of Chapter III of the principal act has been substituted, namely "procedure for obtaining mineral concession in respect of land in which the minerals vest in the government".
4. A new schedule seven as also been inserted which specifies the minerals for which exploration license is required.
5. The headline of Chapter IV of the principal act has been substituted, namely "rules for regulating the grant of mineral concessions".

Kindly refer to the attached document for more details.

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