Govt Seeks Views On Amending Offshore Mineral Auction Rules

Govt Seeks Views On Amending Offshore Mineral Auction Rules

The government today said it has sought views of various stakeholders on the proposed bill to amend the Offshore Areas Mineral (Development and Regulation) Act 2002, aimed at introducing transparent and effective mineral auction rules in offshore areas.

The draft Offshore Areas Mineral (Development and Regulation) Amendment Bill 2017 seeks to amend the Offshore Areas Mineral (Development and Regulation) Act 2002.

“As part of the pre-legislative consultation policy, the draft bill along with an explanatory note explaining the provisions of the proposed draft bill are available on the website of the ministry…,” the mines ministry said in a statement.

Comments or suggestions are invited from the general public, governments of states and union territories, mining industry, stake holders, industry associations, and other persons and entities concerned, on the draft Bill, it said adding that the last date for receipt of the comments/ suggestions is September 30. Read More…

 

 

 

Credit By: ZeeBiz

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