-PTI    Armed with a report prepared by former Karnataka Lokayukta on illegal mining, Union Ministry of Mines has asked the Goa government to furnish data on the allegations that the Mormugao Port Trust ( MPT) used to export the iron ore even as the neighbouring state had banned the activity.  The officials in the State Mines and Geology Department told PTI that the Union ministry in a recent meeting in Delhi asked...

-The Indian Express   The Union cabinet has approved a draft of the new Mines and Minerals Development and Regulation (MMDR) bill, which has long been expected to replace the antiquated legislation that partly governs the mining sector. There are important issues that still need to be worked out: implementing the bill in its current form would be severely problematic, and there are several loopholes that might cause the effect of the...

-The Times of India   The Mines and Minerals (Development & Regulation) Bill, cleared by the cabinet last week, signals that the government`s heart is in the right place. Under its provisions, coal firms must share 26% of their net profits with project area residents, while non-coal miners will have to provide them a sum equal to royalty paid to state governments. No system is in place at present to properly compensate...

Majority of the PAC members decline to sign it The fate of the report of the Public Accounts Committee (PAC) of the Goa Assembly headed by the Leader of the Opposition Manohar Parrikar (BJP), which has reportedly indicted the government agencies and blamed the nexus of politicians in power and bureaucrats for illegal mining, will be decided by Speaker Pratapsinh Rane on Friday, the last day of the brief session of...

-The Hindu   A robust new law to regulate Mining in India is overdue. The proposed Mines and Minerals (Development and Regulation) Bill, 2011 is the central government's response to a full-blown crisis in the sector. There are several serious issues that the legislation promises to address, such as sharing of profits with project-affected people, environmental sustainability, competitive bidding to improve returns to States, and transparency in grant of permits. A major...