{"id":145638,"date":"2021-11-09T19:42:22","date_gmt":"2021-11-09T14:12:22","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=145638"},"modified":"2021-11-09T19:43:21","modified_gmt":"2021-11-09T14:13:21","slug":"mineral-concession-amendments-to-raise-availability-ease-pricing-pressure","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/mineral-concession-amendments-to-raise-availability-ease-pricing-pressure\/","title":{"rendered":"Mineral concession amendments to raise availability, ease pricing pressure"},"content":{"rendered":"\n<p><b>What is the News?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Fourth Amendment) Rules, 2021 to amend The Minerals Concession Rules, 2016.<\/span><\/p>\n<p><b>What are the key provisions of the Minerals Concession (Fourth Amendment) Rules, 2021?<\/b><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-145640 aligncenter\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/11\/1636392731-7012.jpg?resize=300%2C300&#038;ssl=1\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/11\/1636392731-7012.jpg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/11\/1636392731-7012.jpg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/11\/1636392731-7012.jpg?w=465&amp;ssl=1 465w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><strong>Source: Business Standard<\/strong><\/p>\n<p><b>Allows Part Surrender of Mines: <\/b><span style=\"font-weight: 400;\">The rules have allowed part surrender of mining lease area allowed in all cases.Presently, part surrender was allowed only in case of non-grant of forest clearance.<\/span><\/p>\n<p><b>Sale of minerals by captive owners:<\/b><span style=\"font-weight: 400;\"> In any lease, where the mineral is required to be used for captive purpose, the lessee may sell up to 50% of total mineral produced in such captive mines in a financial year.<\/span><\/p>\n<p><b>Click Here to read: <\/b><a href=\"https:\/\/forumias.com\/blog\/what-is-the-difference-between-captive-and-non-captive-mines\/\"><b>Difference between Captive and Non-Captive Mines<\/b><\/a><\/p>\n<p><b>Disposal of Mineral: <\/b><span style=\"font-weight: 400;\">The rules have added a provision allowing disposal of overburden\/ waste rock\/ mineral below the threshold value which is generated during the course of mining.<\/span><\/p>\n<p><b>Penalty provisions in the rules have been rationalized: <\/b><span style=\"font-weight: 400;\">Previously, the rules provided for penalty of imprisonment upto 2 years or fine upto 5 lakh rupees or both for violation of each and every rule irrespective of the severity of the violation<\/span><b>.<\/b><span style=\"font-weight: 400;\">Now the rules categorized the violations of the rules under the following heads:<\/span><\/p>\n<ul>\n<li><b>Major Violations:<\/b><span style=\"font-weight: 400;\"> Penalty of imprisonment, fine or both.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Minor Violations: <\/b><span style=\"font-weight: 400;\">Penalty of only fine for such violations prescribed.<\/span><\/li>\n<li><strong>Violation of some rules has been decriminalized<\/strong>.<\/li>\n<\/ul>\n<p><b>Source<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">This post is based on the article<\/span><b> \u201c<\/b><b>Mineral concession amendments to raise availability, ease pricing pressure<\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>Business Standard <\/b><span style=\"font-weight: 400;\">on <\/span><b>9th November<\/b> <b>2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the News? The Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Fourth Amendment) Rules, 2021 to amend The Minerals Concession Rules, 2016. What are the key provisions of the Minerals Concession (Fourth Amendment) Rules, 2021? Source: Business Standard Allows Part Surrender of Mines: The rules&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/mineral-concession-amendments-to-raise-availability-ease-pricing-pressure\/\">Continue reading <span class=\"screen-reader-text\">Mineral concession amendments to raise availability, ease pricing pressure<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,9],"tags":[],"class_list":["post-145638","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/145638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=145638"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/145638\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=145638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=145638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=145638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}