Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Mining sector needs large-scale reform    </title>
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-The Economic Times


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India's new mining Bill has provisions which seek, rightly, to shovel money from mining companies to rural people affected by mining, but the devil could lie in the detail. The proposal has three defects. One, it seeks differential..."/>
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-The Economic Times


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India's new mining Bill has provisions which seek, rightly, to shovel money from mining companies to rural people affected by mining, but the devil could lie in the detail. The proposal has three defects. One, it seeks differential..." />
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                            <p>-The Economic Times</p><p>&nbsp;</p><div align="justify">India's new mining Bill has provisions which seek, rightly, to shovel money from mining companies to rural people affected by mining, but the devil could lie in the detail. The proposal has three defects. One, it seeks differential treatment for coal and other minerals - coal miners would share 26% of their profits, while miners of other minerals would give additional royalty payments. Pray, why? <br /><br />Two, it exempts captive miners from this obligation to share mineral wealth. And, three, it leaves out the key variable, the price of the ore, manipulating which companies can arbitrarily understate their profits and pay pittance as royalty, as they, indeed, have been. <br /><br />The sensible thing is to link royalty to the globally traded price of the mineral in question and assign a share of reasonable royalty to the local community. Unify the sharing parameter as a share of the royalty linked to globally traded prices, for every mineral. Coal mining is done mostly by state owned giant Coal India, it will have to pay the most. <br /><br />Current royalty rates, revised every three years, are pathetically low. Miners routinely understate prices at which they sell minerals to deflate the value of royalties. Crooked state government employees, including mine inspectors and forest department personnel, collude with miners to make mining an extremely profitable - and exploitative - business. It is no coincidence that the mining map of India fits almost exactly with the regions that are affected by Maoist insurgency. <br /><br />That's why development has to go hand in hand with mining. The new law intends to tighten monitoring and penalties for illegal mining and set up a regulator. It also scraps the existing system of allocating mining licences for one that will allow states to auction off plots to the highest bidder. This is sound. Some of India's largest miners are actually power, steel and other metals makers that squat on large captive mines. <br /><br />They, too, should pay royalty on par with others. Captive mining is a wasteful and inefficient activity and should be done away with. India's mining sector needs deep and widespread reforms, both at the central and state government levels. The present draft law is only a step in the right direction.</div>                                                           
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    <br><a href="http://articles.economictimes.indiatimes.com/2011-10-03/news/30238321_1_mining-licences-mining-sector-coal-mining" class="re" target="_blank">The Economic Times, 3 October, 2011, http://articles.economictimes.indiatimes.com/2011-10-03/news/30238321_1_mining-licences-mining-sector-coal-mining</a><div class="clear"></div>
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    <h1 class="cat-box-title">Mining sector needs large-scale reform</h1>
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                            <p>-The Economic Times</p><p>&nbsp;</p><div align="justify">India's new mining Bill has provisions which seek, rightly, to shovel money from mining companies to rural people affected by mining, but the devil could lie in the detail. The proposal has three defects. One, it seeks differential treatment for coal and other minerals - coal miners would share 26% of their profits, while miners of other minerals would give additional royalty payments. Pray, why? <br /><br />Two, it exempts captive miners from this obligation to share mineral wealth. And, three, it leaves out the key variable, the price of the ore, manipulating which companies can arbitrarily understate their profits and pay pittance as royalty, as they, indeed, have been. <br /><br />The sensible thing is to link royalty to the globally traded price of the mineral in question and assign a share of reasonable royalty to the local community. Unify the sharing parameter as a share of the royalty linked to globally traded prices, for every mineral. Coal mining is done mostly by state owned giant Coal India, it will have to pay the most. <br /><br />Current royalty rates, revised every three years, are pathetically low. Miners routinely understate prices at which they sell minerals to deflate the value of royalties. Crooked state government employees, including mine inspectors and forest department personnel, collude with miners to make mining an extremely profitable - and exploitative - business. It is no coincidence that the mining map of India fits almost exactly with the regions that are affected by Maoist insurgency. <br /><br />That's why development has to go hand in hand with mining. The new law intends to tighten monitoring and penalties for illegal mining and set up a regulator. It also scraps the existing system of allocating mining licences for one that will allow states to auction off plots to the highest bidder. This is sound. Some of India's largest miners are actually power, steel and other metals makers that squat on large captive mines. <br /><br />They, too, should pay royalty on par with others. Captive mining is a wasteful and inefficient activity and should be done away with. India's mining sector needs deep and widespread reforms, both at the central and state government levels. The present draft law is only a step in the right direction.</div>                                                           
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    <br><a href="http://articles.economictimes.indiatimes.com/2011-10-03/news/30238321_1_mining-licences-mining-sector-coal-mining" class="re" target="_blank">The Economic Times, 3 October, 2011, http://articles.economictimes.indiatimes.com/2011-10-03/news/30238321_1_mining-licences-mining-sector-coal-mining</a><div class="clear"></div>
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    <h1 class="cat-box-title">Mining sector needs large-scale reform</h1>
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                            <p>-The Economic Times</p><p>&nbsp;</p><div align="justify">India's new mining Bill has provisions which seek, rightly, to shovel money from mining companies to rural people affected by mining, but the devil could lie in the detail. The proposal has three defects. One, it seeks differential treatment for coal and other minerals - coal miners would share 26% of their profits, while miners of other minerals would give additional royalty payments. Pray, why? <br /><br />Two, it exempts captive miners from this obligation to share mineral wealth. And, three, it leaves out the key variable, the price of the ore, manipulating which companies can arbitrarily understate their profits and pay pittance as royalty, as they, indeed, have been. <br /><br />The sensible thing is to link royalty to the globally traded price of the mineral in question and assign a share of reasonable royalty to the local community. Unify the sharing parameter as a share of the royalty linked to globally traded prices, for every mineral. Coal mining is done mostly by state owned giant Coal India, it will have to pay the most. <br /><br />Current royalty rates, revised every three years, are pathetically low. Miners routinely understate prices at which they sell minerals to deflate the value of royalties. Crooked state government employees, including mine inspectors and forest department personnel, collude with miners to make mining an extremely profitable - and exploitative - business. It is no coincidence that the mining map of India fits almost exactly with the regions that are affected by Maoist insurgency. <br /><br />That's why development has to go hand in hand with mining. The new law intends to tighten monitoring and penalties for illegal mining and set up a regulator. It also scraps the existing system of allocating mining licences for one that will allow states to auction off plots to the highest bidder. This is sound. Some of India's largest miners are actually power, steel and other metals makers that squat on large captive mines. <br /><br />They, too, should pay royalty on par with others. Captive mining is a wasteful and inefficient activity and should be done away with. India's mining sector needs deep and widespread reforms, both at the central and state government levels. The present draft law is only a step in the right direction.</div>                                                           
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    <br><a href="http://articles.economictimes.indiatimes.com/2011-10-03/news/30238321_1_mining-licences-mining-sector-coal-mining" class="re" target="_blank">The Economic Times, 3 October, 2011, http://articles.economictimes.indiatimes.com/2011-10-03/news/30238321_1_mining-licences-mining-sector-coal-mining</a><div class="clear"></div>
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Home हिन्दी

Mining sector needs large-scale reform

Published on Oct 4, 2011   Modified on Oct 4, 2011

-The Economic Times   India's new mining Bill has provisions which seek, rightly, to shovel money from mining companies to rural people affected by mining, but the devil could lie in the detail. The proposal has three defects. One, it seeks differential treatment for coal and other minerals - coal miners would share 26% of their profits, while miners of other minerals would give additional royalty payments. Pray, why? Two, it exempts captive miners from this obligation to share mineral wealth. And, three, it leaves out the key variable, the price of the ore, manipulating which companies can arbitrarily understate their profits and pay pittance as royalty, as they, indeed, have been. The sensible thing is to link royalty to the globally traded price of the mineral in question and assign a share of reasonable royalty to the local community. Unify the sharing parameter as a share of the royalty linked to globally traded prices, for every mineral. Coal mining is done mostly by state owned giant Coal India, it will have to pay the most. Current royalty rates, revised every three years, are pathetically low. Miners routinely understate prices at which they sell minerals to deflate the value of royalties. Crooked state government employees, including mine inspectors and forest department personnel, collude with miners to make mining an extremely profitable - and exploitative - business. It is no coincidence that the mining map of India fits almost exactly with the regions that are affected by Maoist insurgency. That's why development has to go hand in hand with mining. The new law intends to tighten monitoring and penalties for illegal mining and set up a regulator. It also scraps the existing system of allocating mining licences for one that will allow states to auction off plots to the highest bidder. This is sound. Some of India's largest miners are actually power, steel and other metals makers that squat on large captive mines. They, too, should pay royalty on par with others. Captive mining is a wasteful and inefficient activity and should be done away with. India's mining sector needs deep and widespread reforms, both at the central and state government levels. The present draft law is only a step in the right direction.

The Economic Times, 3 October, 2011, http://articles.economictimes.indiatimes.com/2011-10-03/news/30238321_1_mining-licences-mining-sector-coal-mining

Tagged with: Mining

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