The central government on Wednesday issued the draft National Mineral Policy (NMP), 2018, wherein it stated that a “long term export policy for the mineral sector” is the need of the hour as it will provide “stability” and “incentive” for bringing investments in “large scale commercial mining” activities.
Piyush Goyal launches TAMRA Portal and Mobile Applicationto ensure transparent award of Statutory Clearances for Mining Operations
In the first step to increase India’s mineral production, all mining plans to be cleared within 45 days
Speedy clearances a must for increasing India's mineral production by 30-35% a year.
Cutting short the approval processes for speedy clearance of mining plans so as to increase mineral production by the targeted 30-35% every year, the ministry of mines in close co-ordination with its arm Indian Bureau of Mines (IBM) is ensuring that every plan gets cleared within 45 days. “Following a series of brainstorming sessions with Union Minister, Piyush Goyal, (who apart from his portfolios of power, renewable energy and coal has also been recently entrusted upon an additional charge of the mines ministry), the mines ministry is ensuring that the disposal of mining plan and review of the same should be done within a period of 45 days,” secretary mines, Balvinder Kumar told EnergyInfraPost.com.
The contribution of Coal was the highest at Rs. 7423 crore (39%). Next in the order of importance were: Petroleum (crude) Rs. 5595 crore, Natural gas (utilized) Rs. 2122 crore, Iron ore Rs. 1968 crore, Limestone Rs. 545 crore and Lignite Rs.406 crore. These six minerals together contributed about 96% of the total value of mineral production in May 2016.