The Union Cabinet has approved the National Mineral Policy of 2019. National Mineral Policy 2019 replaces the extant National Mineral Policy 2008 (NMP 2008) which was announced in year 2008.
Objective: 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.
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.
