VV Mineral urges government to remove some HMS from India’s MMDR Act
Published: Tuesday, 24 November 2015
India’s Mines and Minerals (Development and Regulation) Amendment Act (MMDR), 2015 came into force earlier this year. Heavy mineral sands, such as ilmenite and zircon, are included in this act under the atomic minerals list. Yet, India’s largest producer of these minerals is calling on the Indian government to remove them from the atomic minerals list to encourage foreign direct investment.
India-based heavy mineral sands (HMS)
giant and member of India’s beach minerals trade
association VV Mineral Ltd has urged the country’s
government to exclude some minerals from the atomic minerals
list in the MMDR Act, in order to attract foreign direct
investment and create new jobs.