Tag: India mining policy
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India: Govt mandates 2-year limit for operationalisation of auctioned mines
2-year limit proposed, removing state-level extension flexibility MMDR amendment proposal invites stakeholder feedback until 22 Jan The government is tightening the window to operationalise mines won through auctions. Currently under Section 4A (4) of the MMDR Act preferred bidders have two years to operationalise the mine they have bid for and begin dispatches of ore.…