New Indian mining legislation gets delayed further
KOLKATA (miningweekly.com) - The protracted process of developing new mining legislation has been further delayed with the Indian federal government proposing that the Mining Bill be referred to a committee, yet again, to review the clause about a 26% profit sharing with project-affected people.
This latest referral of the Mines and Mineral Development and Regulation Bill 2011, for further reflection, to another ‘core group’ was forced after the Parliamentary Standing Committee on Coal and Steel recommended scrapping the clause dealing with profit sharing from the proposed legislation.
The core group, set up by the Mines Ministry, would study the observations and recommendations of the Standing Committeel, which submitted its report to Parliament earlier this month.
“The Bill would have to be examined in the light of the Parliamentary Committee’s recommendations and only after a final decision was taken on profit sharing could the Bill be sent for Cabinet approval and subsequent placement in Parliament,” Mines Secretary R H Khwaja said in a communication to the provincial governments.
In the report, the Parliamentary panel recommended scrapping the profit-sharing clause in the case of coal and lignite mining, and instead incorporating provisions for payments to project-affected people based on royalties.
In the case of other minerals, the new legislation proposed payment of amounts equivalent to the royalty payable by mining companies to the provincial governments. The royalties would be used for development of locals in mining areas through the creation of a District Mineral Fund.
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