TN may lose right to license mining of beach minerals

TN may lose right to license mining of beach minerals

The eight minerals proposed to be placed in Part D include rare earths group containing uranium and thorium. Pictured is a uranium-ore mining site in AP THOOTHUKUDI: The Union Ministry of Mines has proposed to amend the Mines and Minerals (Development and Regulations) Act, 1957, (MMDR Act) to reform the sector and empower the Centre to auction mineral concessions. The power to issue licences for mining beach minerals now exclusively lies with the States. The ministry has invited public comments and suggestions on the proposed amendments on or before June 15.

Miners say if the proposals take effect private players may be able to mine beach sand minerals again after it was banned in 2019 through an amendment to the MMDR Act.The key amendments proposed include delisting of eight minerals from Part B atomic minerals list of the first schedule and bringing them under the newly created Part D section […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet