Acquisition Activities in Mining
The Minister of Mines and Development of North Eastern Region Shri B.K. Handique has said that merger and acquisition activities in the mining sector are regulated by the State Governments under the provisions of Mineral Concession Rules, 1960 pertaining to transfer of mineral concessions. However, data on transfer of mineral concessions are not centrally maintained.
In a written reply in the Lok Sabha today he said, the National Mineral Policy 2008 and the Mining legislation do not restrict transfer of mineral concessions through merger and acquisition so far as approval of the State Government and satisfactory compliance with other relevant laws is available.
The Minister of Mines and Development of North Eastern Region Shri B.K. Handique has said that merger and acquisition activities in the mining sector are regulated by the State Governments under the provisions of Mineral Concession Rules, 1960 pertaining to transfer of mineral concessions. However, data on transfer of mineral concessions are not centrally maintained.
In a written reply in the Lok Sabha today he said, the National Mineral Policy 2008 and the Mining legislation do not restrict transfer of mineral concessions through merger and acquisition so far as approval of the State Government and satisfactory compliance with other relevant laws is available.
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