The Union Cabinet has approved the National Mineral Policy of 2019. National Mineral Policy 2019 replaces the National Mineral Policy 2008.
Objective: 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.
Key Features
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
Introduces the concept of Inter-Generational Equity
Constitute an inter-ministerial body to institutionalize the mechanism for ensuring sustainable development in mining
