-The Deccan Chronicle   The approval by the Cabinet of the Mines and Minerals Development Regulation Bill is clearly meant to facilitate the acquisition of land in the mineral-rich districts of the country. Several large projects, including those of the richest non-resident Indian, Mr Lakshmi Mittal (Arcelor), and the South Korean giant Posco have been held up because of serious objections and protests from the affected tribal populations. The bill stresses on...

-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...

While imposing a ban on mining in Karnataka’s Bellary district in July this year, the Supreme Court had reasoned that the massive environmental damage caused by excessive mining impinges on the constitutional right to life. In neighbouring Goa, the latest state rocked by a mining scandal, the destruction could be on an even larger scale if one compares mining figures and relates these to the areas of the large district and...

-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...

-The Business Standard   Mining companies have warned of a price spiral in commodities once the new mining law provisions are in place. The industry sees the government decision of mandatory profit and royalty sharing impacting it by an estimated Rs 15,000 crore every year. This would include a Rs 12,200-crore hit on non-coal mining companies and Rs 2,800 crore on coal Miners. “The provisions of this Bill will affect the industry badly,”...