Mining sector stakeholders hailed the reform proposals approved by the Cabinet, but said that these structural changes should have come much earlier. The Cabinet on Wednesday cleared a proposal to amend relevant law for re-allocations of partially or minimally explored blocks through competitive bidding & offers seamless prospecting licence-cum-mining-leases. The changes will be effected by amending the Mines and Minerals (Development and Regulation) Act passed in 2015.
“There is not a single proposal for which the wait for six years is worth the while. All proposals are in the right direction, but has now come only after a huge lag. These could well have been part of the amendment of the MMDR Act, way back 2015. However, its always better late than never,” said a Karnataka-based mine owner.
