Public Sector Units to be at par with Private Sector Companies in Grant of Mineral Concessions
The High Level Committee constituted by the Planning Commission has recommended that PSUs of the Central and State Governments be treated at par with private sector companies in grant of mineral concessions, and reservation provisions for PSUs for exploration and mining should be modified so as to limit the scope of such reservation to meet the requirements of Small and Medium Enterprises (SMEs) for raw material. The Government has introduced a draft Mines and Minerals (Development and Regulation) Bill 2011 in Lok Sabha on 12th December 2011, presently referred to the Standing committee on Coal and Steel, which provides for reservation of mineral bearing areas for purpose of conservation, and giving weightage in grant of prospecting licence or mining lease in notified area to such applicants who have committed ore linkage through long term agreements with domestic industry (including SMEs).
This information was given by the Minister of State for Mines (Independent Charge) Shri Dinsha J.Patel in a written reply to a question in Rajya Sabha today.
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