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 …
The “Offshore Areas Mineral (Development and Regulation) Amendment Act, 2023” brings substantial changes to regulations governing mineral development in offshore areas. This analysis delves into each amendment’s implications and the Act’s broader impact on mineral resource management. The Act’s sections highlight amendments that expand the scope, introduce new definitions, and …
President has given assent to the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2023. With this, the Central government is empowered to auction mines and ramp up production of 26 critical minerals in India. Lithium, cobalt, and graphite output may get a fillip as the centre hopes to …
The Mines and Minerals (Development and Regulation) Amendment Bill, 2023 was taken up for consideration and passed by the Lok Sabha on on 28.7.2023. This bill proposes to empower the Central government to exclusively auction mining lease and composite licence for 26 critical minerals in the country.
India has proposed opening up offshore mining or deep-sea mining of non-atomic minerals or poly-metallic nodules to private companies. Production leases are to be granted only through competitive bidding. The Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023, proposing these changes, was introduced in Parliament by the Minister for …
The Mines and Mineral (Development and Regulation) Amendment Bill 2023 was introduced in the Lok Sabha on July 26, 2023. The Bill proposes to omit at least six previously mentioned atomic minerals from a list of 12 which cannot be commercially mined.
The energy transition requires a dramatic increase in the supply of critical materials, yet their supplies chains remain vulnerable to a range of geopolitical risks. While there is no scarcity of reserves for energy transition minerals, global capabilities for mining and refining them are limited. Supply disruptions could impact the …
The inaugural edition of the Critical Minerals Market Review provides a major update on the investment, market, technology and policy trends of the critical minerals sector in 2022 and an an initial reading of the emerging picture for 2023. Through in-depth analyses of clean energy and mineral market trends, this …
The Union Minister of Coal & Mines has unveiled India's first-ever report on “Critical Minerals for India” identifying a list of 30 critical minerals. India has taken a significant step towards enhancing its strategic resource security by officially releasing its first-ever critical minerals list. The list comprises 30 key minerals …
The global move towards achieving net zero emissions will increase demand for low-carbon and clean technologies such as wind turbines, solar photovoltaics, electric vehicles and energy storage. However, the production of these technologies depends heavily on a few geographically concentrated minerals with limited availability. This report highlights the vulnerabilities in …
The Government of Kerala on March 31, 2023 published the Kerala Minerals (Prevention of Illegal Mining, Storage and Transportation) Amendment Rules, 2023 to further amend the Kerala Minerals (Prevention of Illegal Mining, Storage and Transportation) Rules, 2015. These Rules shall come into force on April 01, 2023. The following that …
Transitioning towards a clean energy future is a mainstay of the global efforts to achieve the Paris Agreement’s climate goals. The energy transition implies a shift from a fuel-intensive system to a material-intensive energy system, and will create significant demand for critical raw materials (CRMs), including critical minerals, because the …
This Report of the Comptroller and Auditor General of India (C&AG;) contains significant findings of Performance Audit on “Illegal Mining in Rajasthan” of Mines and Geology Department of State Government. Rajasthan has the highest number of mining leases in the country. There are frequent reports in the media regarding rampant …
The Ministry of Mines on February 09, 2023 was notified regarding seeking comments/suggestions on the Amendment of the Offshore Areas Mineral (Development and Regulation) Act, 2002. The Ministry of Mines has prepared a draft of the amendments proposed in the Offshore Areas Mineral (Development and Regulation) Act, 2022 (OAMDR Act). …
As the world grapples with the challenges of climate change, the transition away from fossil fuels is having a major impact on the minerals industry. Metals used in electrification, renewable energy generation, electric mobility and new forms of energy storage have become critical to these expanding low and no carbon …
This issue brief outlines the contours of a sourcing strategy for India to secure access to critical non-fuel minerals for either sectoral or economy-wide requirements, using the case study of the indigenisation of battery energy storage manufacturing to illustrate various facets. Amid a complicated global geopolitical landscape typified by conflict, …
In a bid to enhance the ease of doing business, the Coal Ministry wants to amend the rate of interest charged on late payment of rent and royalty from coal mines. The Ministry reviewed penal provisions in Mineral Concession Rules, 1960 (MCR) to identify violations which could be decriminalised and …
The Mining and Geological Department of Meghalaya on March 24, 2022 has issued the Meghalaya Minerals (Prevention of Illegal Mining, Transportation and Storage) Rules, 2022. The foremost provisions of the rules are as followed: Prohibition – No person shall transport or carry or cause to transport any mineral by any …
The Ministry of Mines on February 18, 2022 has issued the Mineral (Auction) Amendment Rules, 2022 to further amend the Mineral (Auction) Rules, 2015. This shall come to force on February 18, 2022. The following amendments has been made namely: Rule 17(1)(b) which specify “State Government shall issue a notice …
The Ministry of Mines on December 14, 2021 has issued the Mineral (Auction) Fourth Amendment Rules, 2021 to further amend the Mineral (Auction) Rules, 2015. The following amendments have been made: In rule 9, which specifies Bidding Process, in sub-rule (5), clause B, the following proviso has been inserted, namely: …
The Ministry of Mines has notified the Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021 to amend the Minerals (Evidence of Mineral Contents) Rules, 2015. The amendment rules have been framed after extensive consultations with the State Governments, industry associations, miners, other stakeholders and general public. The Minerals (Evidence …
