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OAMDR Act: Rajya Sabha passes Offshore Mineral (Development and Regulation) bill

India s Upper House has passed an amendment bill to the Offshore Areas Mineral (Development and Regulation) Act paving the way for extraction of minerals in offshore areas. The amendment bill, which aims to establish a fair and transparent mechanism to allocate the operating rights for offshore mineral extraction is aimed at removing the impasse in the sector. The amendment aims to introduce a composite licence, which is a two-stage operating right granted for the purpose of undertaking exploration followed by production operation.

District mineral fundAreas mineralAreas mineral developmentUpper houseOffshore areas mineralOffshore areas mineral trustOamdr actMines and minerals actEv ambitionsLithium miningCommercial miningPrahlad joshiRajya sabhaOffshore mineral development and regulation

Mines and Minerals Act: Offshore Mineral (Development and Regulation) bill passed by Lok Sabha

Lok Sabha has passed a bill that paves the way for mining offshore minerals. The Offshore Areas Mineral (Development and Regulation) Act of 2002 aims to allocate operating rights to extract resources in a "fair and transparent" way. It also aims to prevent pollution and to mitigate the impact of mining offshore on the marine environment.

Prahlad joshiAreas mineral developmentAreas mineralDistrict mineral fundLok sabhaOffshore areas mineralOffshore areas mineral trustMines and minerals actEv ambitionsOffshore mineralIndian cabinet

Mines and Minerals Act: LS passes bill to provide fixed 50-year production lease for offshore minerals

A bill to provide a fixed 50-year production lease for offshore minerals was passed by Lok Sabha on Tuesday amid protests by the opposition over the situation in ethnic-violence hit Manipur. Replying to a brief discussion in the House, Coal and Mines Minister Pralhad Joshi said under the Offshore Areas Minerals (Development and Regulation) Amendment) Bill, 2023, the government seeks to introduce auction as the route to award production lease for offshore minerals.

Uttar pradeshNew delhiPralhad joshiAreas minerals developmentMinerals developmentLok sabhaMines minister pralhad joshiOffshore areas mineralsMines and minerals actEv ambitionsLithium miningCommercial miningDistrict mineral fundPrahlad joshiIndian cabinet

Latest government directive on fencing applies only to 38 abandoned legal mines in Tiruppur

Latest government directive on fencing applies only to 38 abandoned legal mines in Tiruppur
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Centre sets eyes on ramping up offshore mineral production with new bill

The Indian government has introduced a bill to amend the Offshore Areas Mineral (Development and Regulation) Act, 2002, to create a transparent allocation process for offshore mineral extraction. The proposed bill aims to establish a fair mechanism to allocate operating rights for offshore mineral extraction, aiming to remove the impasse in the sector.

Lok sabhaPrahlad joshiAreas mineral developmentDistrict mineral fundAreas mineralOffshore areas mineralMines minister prahlad joshiCentral governmentOffshore areas mineral trustOffshore mineral resourcesOffshore miningIndia mining policy