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.
- 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, drilling, and sub-surface excavation as part of reconnaissance including mapping and surveys.
- It proposes a new type of ....
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