Mines and Minerals (Development and Regulation) Amendment Act, 2023
On 9th August, 2023, the President gave assent to the Mines and Minerals (Development and Regulation) Amendment Bill, 2023.
The new Act aims to amend the Mines and Minerals (Development and Regulation) Act, 1957.
- It seeks to bring exploration processes at par with that of developed countries by getting private sector capacity into exploration.
- It puts six minerals used in electric vehicle batteries and other energy storage into a list of critical and strategic minerals. It includes lithium, beryllium, niobium, titanium, tantalum, and zirconium.
- It allows prohibited activities under the erstwhile Mines and Minerals (Development and Regulation) Act like pitting, trenching, ....
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