Stay updated with the latest prospecting news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on prospecting topics.
New rules aim to speed up mine operations. Intermediary timelines and penalties are introduced for delayed production. Incentives like reduced duties are offered for faster output. Over 585 mines have been auctioned since 2015. The government wants to boost mineral production by ensuring timely operationalisation of these mines. The centre has amended Mineral (Auction) Rules, 2015, introducing intermediary timelines, aiming to speed up operationalisation of bid out mines. An official statement ...Read More >
New Delhi [India], October 19 (ANI): The Ministry of Mines has notified an amendment to the Mineral (Auction) Rules, 2015, introducing intermediary timelines for various activities to be completed after the issue of the Letter of Intent (LoI) till the execution of the mining lease. Since the commencement of the auction regime in 2015, a total of 585 major mineral blocks have been successfully auctioned, including 34 critical mineral blocks auctioned by the Central government. Initially, the pac ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and na ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.