{"id":211180,"date":"2019-03-02T09:00:41","date_gmt":"2019-03-02T03:30:41","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=211180"},"modified":"2019-03-01T16:38:57","modified_gmt":"2019-03-01T11:08:57","slug":"national-mineral-policy-2019-approved-by-cabinet","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/02\/national-mineral-policy-2019-approved-by-cabinet\/","title":{"rendered":"National Mineral Policy, 2019 approved by Cabinet"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved National Mineral Policy 2019.\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong><u>Benefits<\/u><\/strong>:<\/p>\n<p style=\"text-align: justify;\">The New National Mineral Policy will ensure more effective regulation.\u00a0 It will lead to sustainable mining sector development in future while addressing the issues of project affected persons especially those residing in tribal areas<\/p>\n<p style=\"text-align: justify;\"><strong><u>Objective:-<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>The aim of National Mineral Policy 2019 is to have a more effective, meaningful and implementable policy that brings in further transparency, better regulation, and enforcement, balanced social and economic growth as well as sustainable mining practices.<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong><u>Details:<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\">The National Mineral Policy 2019 includes provisions which will give boost to mining sector such as<\/p>\n<ul style=\"text-align: justify;\">\n<li>introduction of Right of First Refusal for RP\/PL holders,<\/li>\n<li>encouraging the private sector to take up exploration,<\/li>\n<li>auctioning in virgin areas for composite RP cum PL cum ML on revenue share basis,<\/li>\n<li>encouragement of merger and acquisition of mining entities and<\/li>\n<li>transfer of mining leases and creation of dedicated mineral corridors to boost private sector mining areas.<\/li>\n<li>The 2019 Policy proposes to grant status of industry to mining activity to boost financing of mining for private sector and for acquisitions of mineral assets in other countries by private sector<\/li>\n<li>It also mentions that Long term import export policy for mineral will help private sector in better planning and stability in business<\/li>\n<li>The Policy also mentions rationalize reserved areas given to PSUs which have not been used and to put these areas to auction, which will give more opportunity to private sector for participation<\/li>\n<li>The Policy also mentions to make efforts to harmonize taxes, levies &amp; royalty with world benchmarks to help private sector<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Among the changes introduced in the National Mineral Policy, 2019 include the focus on make in India initiative and Gender sensitivity in terms of the vision.\u00a0 In so far as the regulation in Minerals is concerned, E-Governance, IT-enabled systems, awareness and Information campaigns have been incorporated.\u00a0 Regarding the role of state in mineral development online public portal with provision for generating triggers at higher level in the event of delay of clearances has been put in place.\u00a0 NMP 2019 aims to attract private investment through incentives while the efforts would be made to maintain a database of mineral resources and tenements under mining tenement systems. The new policy focusses on use coastal waterways and inland shipping for evacuation and transportation of minerals and encourages dedicated mineral corridors to facilitate the transportation of minerals.\u00a0 The utilization of the district mineral fund for equitable development of project affected persons and areas. NMP 2019 proposes a long term export-import policy for the mineral sector to provide stability and as an incentive for investing in large scale commercial mining activity.<\/p>\n<p style=\"text-align: justify;\">The 2019 Policy also introduces the concept of Inter-Generational Equity that deals with the well-being not only of the present generation but also of the generations to come and also proposes to constitute an inter-ministerial body to institutionalize the mechanism for ensuring sustainable development in mining.<\/p>\n<p style=\"text-align: justify;\"><strong><u>Background:<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\">National Mineral Policy 2019 replaces the extant National Mineral Policy 2008 (&#8220;NMP 2008&#8221;) which was announced in the year 2008. The impetus to review NMP 2008 came about by way of a direction from the Supreme Court vide its judgment dated 02.08.2017 in Writ Petition (Civil) No. 114\/2014 entitled Common Cause v\/s Union of India &amp; Others.<\/p>\n<p style=\"text-align: justify;\">In compliance of the directions of the Apex Court, the Ministry of Mines constituted a committee on 14.08.2017 under the chairmanship of Dr. K Rajeswara Rao, Additional Secretary, Ministry of Mines to review NMP 2008. The Committee had members from Central Ministries\/ Departments, State Governments, Industry Associations and Subordinate offices of Ministry of Mines. The Committee also invited concerned NGOs and Institutional Bodies to take part in the deliberation of the Committee meetings. The Comments\/suggestions from the stakeholders were also sought. Based on the deliberations held at Committee meetings and stakeholders&#8217; comments\/ suggestions, the Committee Report was prepared and submitted to the Ministry of Mines.<\/p>\n<p style=\"text-align: justify;\">The Ministry of Mines accepted the committee Report and invited the comments\/ suggestions of the stakeholders as part of the PLCP process. Based on the received comments\/ suggestions received in PLCP process and the comments\/ suggestions from the Central Ministries\/ Departments the Ministry of Mines finalized the National Mineral Policy 2019.<\/p>\n<p>[Press Release dt. 28-02-2019]<\/p>\n<p style=\"text-align: right;\"><strong>Cabinet<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved National Mineral Policy 2019.\u00a0 Benefits: The New National Mineral Policy <\/p>\n","protected":false},"author":8808,"featured_media":211181,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29535,4],"tags":[34076,6641,34077,34073,34074,34075,17481],"class_list":["post-211180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet_decisions","category-legislationupdates","tag-economic","tag-export-import","tag-growth","tag-national-mineral-policy","tag-regulation","tag-social","tag-transparency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>National Mineral Policy, 2019 approved by Cabinet | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Lokur and Deepak Gupta, JJ said that though the Court cannot lay down limits on the extent of mining activities that should be permitted by the State of\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":181554,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/01\/15\/comments-invited-draft-national-mineral-policy\/","url_meta":{"origin":211180,"position":2},"title":"Comments invited on draft National Mineral Policy","author":"Saba","date":"January 15, 2018","format":false,"excerpt":"Union Ministry of Mines has constituted a committee under the chairmanship of Dr. K Rajeswara Rao, Additional Secretary, Ministry of Mines to suggest a draft National Mineral Policy on 14.8.2017. It includes representatives of state governments, Ministries, Professional Bodies, Industry Associations and the committee has also consulted NGOs and many\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":7153,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/03\/25\/mines-and-minerals-development-and-regulation-amendment-bill-2015\/","url_meta":{"origin":211180,"position":3},"title":"Mines and Minerals (Development and Regulation) (Amendment) Bill, 2015","author":"Sucheta","date":"March 25, 2015","format":false,"excerpt":"On 20-03-2015, the Parliament passed the Mines and Minerals (Development and Regulation) (Amendment) Bill, 2015. The objective of the Bill is to further amend the Mines and Minerals (Development and Regulation) Act, 1957 in order to address the emergent problems in the mining industry. The salient features of the Bill\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7005,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/01\/16\/the-mines-and-minerals-development-and-regulation-amendment-ordinance-2015\/","url_meta":{"origin":211180,"position":4},"title":"The Mines and Minerals (Development and Regulation) Amendment Ordinance, 2015","author":"Sucheta","date":"January 16, 2015","format":false,"excerpt":"On 12-01-2015, the President of India promulgated the Mines and Minerals (Development and Regulation) Amendment Ordinance, 2015. The objective of the Ordinance is to further amend the Mines and Minerals (Development and Regulation) Act, 1957 in order to address the emergent problems in the mining industry. The salient features of\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/rashtrapatibhawan.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":226920,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/12\/parliament-passes-the-mineral-laws-amendment-bill-2020-will-promote-ease-of-doing-business\/","url_meta":{"origin":211180,"position":5},"title":"Parliament Passes The Mineral Laws (Amendment) Bill, 2020 &#8212; Will promote ease of doing business","author":"Bhumika Indulia","date":"March 12, 2020","format":false,"excerpt":"Parliament passed The Mineral Laws (Amendment) Bill, 2020 for amendments in Mines & Mineral (Development and Regulation) Act 1957 and The Coal Mines (Special Provisions) Act, 2015. Rajya Sabha passed the bill today while Lok Sabha already passed this bill on 6th March, 2020. 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