CEOs need to accelerate their action plans to safeguard the production of commodities critical to the global population and economy as heat stress and drought risk rise around the world, according to PwC's report, Climate Risks to Nine Key Commodities: Protecting People and Prosperity, published. The report, which analysed nine …
CEOs need to accelerate their action plans to safeguard the production of commodities critical to the global population and economy as heat stress and drought risk rise around the world, according to PwC's report, Climate Risks to Nine Key Commodities: Protecting People and Prosperity, published. The report, which analysed nine …
Are current fiscal approaches and policies aligned with national strategies, including ensuring that mineral-rich developing countries collect an appropriate share of the financial benefits from critical minerals value chains? If not, what needs to change? This report seeks to answer these fundamental questions about financial benefit sharing in relation to …
This document discusses the growing significance of critical minerals and metals in the worldwide shift towards renewable energy and how it offers a potential avenue for enhancing environmental governance in the area. Moreover, the article notes that these vital resources could serve as economic pillars for numerous African nations through …
The Government of Himachal Pradesh on February 29, 2024, notified the Himachal Pradesh Mineral Policy, 2024. The policy has been framed with the vision to enhance the revenue collection of the State while curbing illegal mining activities.
In exercise of the powers conferred by clause (jj), (jk), (jl) and (jm) of sub-section (2) of section 35read with Section 16A of the Offshore Areas Mineral (Development and Regulation) Act, 2002 (17 of 2003), the Central Government hereby makes the following rules, namely: These rules may be called the …
The Ministry of Mines on February 20, 2024, issued the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Second Amendment) Rules, 2024, to further amend the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016. The following amendments have been stated: In rule 45, which …
The REN21 Renewables and Sustainability Report (RESR) builds on a yearlong research and consultative process among a wide range of stakeholders across sectors. It was conceived as a reference document bringing together different perspectives to analyse the benefits and identify the best practices to mitigate the potential negative impacts of …
The centre has notified changes to the Mineral auction rules which cap the upfront payment at Rs 500 crore while also baring affiliates from bidding for the same block. Bids placed by affiliates of companies who have explored a block being auctioned will be made public to ensure a level …
Ministry of Mines, through a notification dated January 21, 2024, has introduced amendments to the Mineral Conservation and Development Rules, 2017. These changes, outlined in the Mineral Conservation and Development (Amendment) Rules, 2024, aim to enhance regulatory measures governing reconnaissance, prospecting, exploration, reporting obligations, and penalties in the mining sector.
The Ministry of Mines has introduced significant amendments through the Minerals (Evidence of Mineral Contents) Amendment Rules, 2024. These changes, effective from the date of publication in the Official Gazette, aim to enhance regulations under the Mines and Minerals (Development and Regulation) Act, 1957.
The Ministry of Mines has proposed changes to the Mineral (Auction) Rules, 2015, to cap the amount of performance security and upfront payments payable after winning the rights to extract minerals. The move addresses concerns regarding financial barriers the might impede bidder participation in auctions of critical minerals.
In a significant development, the Ministry of Mines has recently amended the Offshore Areas Mineral (Development & Regulation) Act, 2002 [OAMMR Act], effective from August 17, 2023. The amendment brings about a paradigm shift by introducing a transparent and non-discretionary auction process for the allocation of operating rights in offshore …
The Ministry of Mines on December 01, 2023, issued the Draft Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Second Amendment) Rules, 2023, to further amend the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016. The following provisions have been stated: In Rule 45, …
The Ministry of Mines has decided to promote Research and Innovation in Start-ups and MSMEs and has brought out guidelines for “Promotion of Research and Innovation in Start-ups and MSMEs in mining, mineral processing, metallurgy and recycling sector (S&T-PRISM;)”. Proposals will be invited from Startups, MSMEs and Individual Innovators for …
Central Government vide notification dated 12th October, 2023 has issued the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Amendment) Rules, 2023 to provide following directions regarding pricing atomic minerals: In the Mine In respect of Lithium, the equivalent lithium metal prices calculated on the basis of the …
With misclassification of different grades of minerals by mining leaseholders found to be at the root of illegal mining, the Union mines ministry has tightened the procedure to be followed by states for grading and determining the average sale price (ASP) of iron ore and other major minerals. Pointing out …
In a recent development, the Ministry of Mines has introduced significant amendments to the Atomic Minerals Concession Rules, 2016. These amendments, effective upon their publication in the Official Gazette, impact mining activities related to atomic minerals and rare earth elements (REE). The Ministry of Mines’ amendments to the Atomic Minerals …
The state government notified the policy for regulating iron ore dump handling in the state of Goa, 2023, as a step towards mining of iron ore dumps and earning revenue. The policy allows the directorate of mines and geology (DMG) to auction all existing dumps created from mining activities as …
While the state government is preparing for the third round of iron ore mineral blocks, the Union mines ministry has tightened the Mineral Auction Rules, 2015 to make it compulsory for states to inform to the Centre within the next 45 days on mines that are ready for auctioning. The …
These Guidelines seek to provide renewed scientific impetus to address the emerging mining challenges, broaden the participation of stakeholders, introduce the concept of cost-sharing and make the research in Mines more productive, with an emphasis on outputs and outcomes. The Guidelines set forth the objectives and thrust areas of research, …
