Tag: mining lease re-auction
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Indian Govt Allows Re-auction of Mining Leases before Expiry to Prevent Supply Disruption
The Mines and Minerals Act, 1957 has been amended to ensure uninterrupted supply of minerals, by enabling re-auctioning of leases before their expiry. According to the rules of Mineral Conservation and development Act, 2017, the detailed exploration was to be commenced towards the end of 2022, which could hinder the mineral’s supply. Henceforth, the flaws…