Page 4 - The Mineral Development and Regulation Framework in India (English Version)
P. 4
Discussion Paper
Geological Map of India
Source: Geological Survey of India
The policy should provide for the disposal of fully of the 1993 Policy, the 2008 Policy was with respect
prospected ore bodies through public tender/ to non-coal, non-fuel minerals, since the coal minerals
auction to the extent possible. were subject to the provisions of the Coal Mines
(Nationalisation) Act 1973.
Equally importantly, the Policy should provide for
environmental concerns and the needs of local The National Mineral Policy 2008 provided
communities to be fully taken into account during for a change in the regime of mineral concessions to
mining operations. incentivize private sector investment in exploration
and mining and for ensuring a level playing field and
Based on the recommendations of the High Level transparency in the grant of concessions; and also
Committee, and in consultation with the State promotion of scientific mining within a sustainable
Governments, the Government replaced the development framework so as to protect the interest
National Mineral Policy 1993 with a new National of local population in mining areas. The next step was
Mineral Policy on the March 13, 2008. As in the case to bring the sectoral legislation in line with the Policy as
4 JANUARY 2015
Geological Map of India
Source: Geological Survey of India
The policy should provide for the disposal of fully of the 1993 Policy, the 2008 Policy was with respect
prospected ore bodies through public tender/ to non-coal, non-fuel minerals, since the coal minerals
auction to the extent possible. were subject to the provisions of the Coal Mines
(Nationalisation) Act 1973.
Equally importantly, the Policy should provide for
environmental concerns and the needs of local The National Mineral Policy 2008 provided
communities to be fully taken into account during for a change in the regime of mineral concessions to
mining operations. incentivize private sector investment in exploration
and mining and for ensuring a level playing field and
Based on the recommendations of the High Level transparency in the grant of concessions; and also
Committee, and in consultation with the State promotion of scientific mining within a sustainable
Governments, the Government replaced the development framework so as to protect the interest
National Mineral Policy 1993 with a new National of local population in mining areas. The next step was
Mineral Policy on the March 13, 2008. As in the case to bring the sectoral legislation in line with the Policy as
4 JANUARY 2015
