Ministry of Mines has amended the Minerals (Mining) by Government companies rules 2015.
Recent amendments:
It has substituted “may, for reasons to be recorded” in rule 3, in sub-rule (2) and rule 4, in sub-rule (3) with “shall, for reasons to be recorded”.
This implies that for all mining leases for minerals granted to Government companies, the State Government upon an application made to it in this regard by the Government company or corporation, shall extend the period of the mining lease for further period of upto twenty years at a time.
Significance:
As per provision of Section 8A(6) of Mines and Minerals (Development & Regulation) Act, 1957, the lease of 31 working mines of iron ore are expiring on 31.03.2020. Recent order will ensure effective management of situation in wake of probable disruptions in March 2020.
The amendment paves way for renewal of NMDC's iron ore mining lease at Donimalai in Bellari district of Karnataka. National Mineral Development Corporation (NMDC) suspended operations at the mine after its lease expired in November 2018. NMDC has been the leaseholder for Donimalai iron ore mine since 1968.
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