The Mines and Minerals (Development and Regulation) Amendment Ordinance, 2015
Source: PRS
The Ordinance amends the Mines and Minerals (Development and Regulation) Act, 1957
1. The Ordinance adds a new Fourth Schedule to the Act. It includes bauxite, iron ore, limestone and manganese ore and are defined as notified minerals. The central government may, by notification, amend this Schedule.
2. The Ordinance creates a new category of mining license i.e. the prospecting license-cum-mining lease, which is a two stage-concession for the purpose of undertaking prospecting operations (exploring or proving mineral deposits), followed by mining operations.
3. Maximum area for mining: Under the Act, a person could acquire one mining lease for a maximum area of 10 sq km. However, for the development of any mineral, the central government could permit the person to acquire one or more licenses or leases covering additional area. The Ordinance amends this provision to allow the central government to increase the area limits for mining, instead of providing additional leases.
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