Part of: Prelims and Mains GS-II: Government policies
In News: Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Fourth Amendment) Rules, 2021 to amend The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016 [MCR, 2016].
Objectives:
Increasing employment and investment in the mining sector
Increase revenue to the States
Increase the production and time bound operationalisation of mines
Increase the pace of exploration and auction of mineral resources, etc.
Some of the rules –
Provide for Sale of 50% of Mineral Produced from Captive Leases
Allows easy disposal of overburden/waste rock; part surrender of mining lease area allowed in all cases
