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 …
Ministry of Mines has notified the Mineral Conservation and Development (Amendment) Rules, 2021 on 3rd November, 2021 to amend the Mineral Conservation and Development Rules, 2017 [MCDR]. The MCDR have been framed under section 18 of the Mines and Minerals (Development and Regulation) Act, 1957 [MMDR Act] to provide rules …
The Ministry of Mines On November 02, 2021 has issued the Mineral (Auction) Third Amendment Rules, 2021 to further amend the Mineral (Auction) rules 2015. The following amendments have been made: In rule 6, which specifies Eligibility of Mining Lease, In sub-rule (3) the following Explanation has been Inserted, namely: …
Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Fourth Amendment) Rules, 2021 to amend The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016 [MCR, 2016]. Extensive amendments have been made in the Mines and Minerals (Development and Amendment) …
The Department of Mines and Minerals (Assam) vide notification dated November 01, 2021 has issued the Assam Minor Mineral concession (Amendment) Rules, 2021. The amendment prescribes the rates at which Royalties shall be paid when minor minerals are used or consumed by Government Agencies. Urban local bodies shall collect Royalty …
The COVID-19 pandemic has affected many economies worldwide. It had diverse impacts on the African mining sector. This paper documents its impact by focusing on four major mineral-rich African countries: Ghana, Mali, South Africa and Zambia. An assessment of the impact of the pandemic on production, employment and government revenues …
The Industries and Commerce Department (Andhra Pradesh) on October 11, 2021 has issued the Andhra Pradesh minor minerals (amendment) rules, 2021 to further amend the Andhra Pradesh minor minerals ules, 1966. The following amendment has been made: In rule 10, which specifies Seigniorage fee or dead rent, sub-rule (7) has …
The Ministry of Coal on October 1, 2021 has issued the Mineral Concession (Amendment) Rules, 2021 to further amend the Mineral Concession Rules, 1960. The amendment in the Mineral Concession Rules, 1960 are as follows: In Rule 2(1)(via) which specifies ““run-of-mine” means the raw, unprocessed or uncrushed material in its …
The Mines and Minerals (Development and Regulation) Act, 1957 regulates the mining sector in India and mandates the requirement for granting leases for mining operations. Prior to 2015, grant of mineral resources was through ‘first come first serve’ method. This system of allocation of mineral concession was discretionary and decision …
In addition to export earnings, African countries aspire to derive greater economic value from their mineral resources. One of the most assured ways is through linkage development. Besides resource endowments, other critical factors include the international trade environment and its impact on a country’s ability to successfully leverage its competitive …
The Ministry of Coal on August 6, 2021 has issued Draft Mineral Concession (Amendment) Rules, 2021 to further amend the Mineral Concession Rules, 1960. The draft introduced the following amendment in the Mineral Concession Rules, 1960 are as follows: In Rule 2(1) (viia) which specifies “run-of-mine” means the raw, unprocessed …
The Goa Assembly passed the Goa Mineral Development Corporation Bill, 2021, which would enable the state government to start a corporation to carry out mining operations in an orderly, scientific and ecologically sustainable manner. The passing of the bill, assumes significance on account of the fact that fresh mining excavation …
Climate change policies including net-zero commitments, green new deals, and circular economy plans often combine carbon-reduction objectives with a set of policy and market interventions needed to reach those goals. When implemented, these policies are likely to impact international trade, and potentially hamper the development of lower-income countries. This report …
The Ministry of Mines on June 25, 2021 has issued the Mines and Minerals (Contribution to District Mineral Foundation) Amendment Rules, 2021 to further amend the Mines and Minerals (Contribution to District Mineral Foundation) Rules, 2015. The following amendments have been made : Rule 2, which specifies Amount of contribution …
The mines ministry has amended the mineral auction rules to remove end-use restrictions for mines to be allocated in future through the competitive bidding route, a move that is expected to enhance production and attract private investments into the sector. The state government shall not reserve any mine for captive …
The Ministry of Mines on June 18, 2021 has issued the Minerals (Evidence of Mineral Contents) Amendment Rules, 2021 to further amend the Minerals (Evidence of Mineral Contents) Rules, 2015. The amendment in the Minerals (Evidence of Mineral Contents) Rules, 2015 are as follow: The word “Schedule” in the Minerals …
The Ministry of Mines has proposed further amendment in the Minerals Concession Rules (MCR)-2016 for time-bound operationalisation of mines, leases of which were transferred for captive purpose, and scale up production to meet the increasing demand of ore by metal industries. The Ministry has proposed fourth amendment in the Minerals …
The ministry of Mines on June 10, 2021 has issued the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2021 to further amend the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016. The following amendments have been made: Rule 12A (1A), …
The Mineral Conservation and Development Rules, 2017 (MCD Rules) are framed under section 18 of the Mines and Minerals (Development and Amendment) Act, 1957 (MMDR Act) to provide for conservation and systematic development of minerals in India. Based on inputs received from various stakeholders, it is felt that some of …
Minerals are essential components in many of today’s rapidly growing clean energy technologies – from wind turbines and electricity networks to electric vehicles. Demand for these minerals will grow quickly as clean energy transitions gather pace. This new World Energy Outlook Special Report provides the most comprehensive analysis to date …
Extensive amendments have been made in the Mines and Mineral (Development and Amendment) Act, 1957 (MMDR Act) by the MMDR Amendment Act, 2021 w.e.f. 28.03.2021 with the objectives of increasing employment and investment in the mining sector, increase the revenue to the States, increase the production and time bound operationalisation …
