India’s new mineral exploration policy receives approval

By Shruti Salwan
Published: Wednesday, 29 June 2016

The overhaul of the country’s metals, mineral and mining sector continues as India’s new mineral exploration policy received approval from the cabinet. The regulation is likely to help reduce delays in securing exploration licences in the hope of encouraging the auctioning of 100 mineral blocks in this financial year.

The long-awaited National Mineral Exploration Policy (NMEP) in India, which is expected to cut long waiting periods for exploration licences and allow miners to receive royalties, has received approval from the Indian government. While the new regulation is yet to be passed in the Indian parliament before it...

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