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Centre forms 9-member panel to review mineral policy
Business Standard·
The Centre will review the National Mineral Policy, 2019, focusing on critical minerals, recycling and deep-sea resources, sources told Business Standard. The Mines Ministry will form a nine-member committee chaired by the Additional Secretary. The panel is to recommend a full revision within two months of its constitution. The 2019 policy was approved by the Union Cabinet under Narendra Modi.
Prism
What It Means For You
- A formal review could change how India regulates mining, exploration and critical minerals.
- Industry groups said the 2019 text no longer matches current supply-chain priorities.
- Recommendations are due within two months after the panel is set up.
What's Happening
- Sources said the committee will identify which 2019 provisions need modification.
- Priorities named include critical minerals, recycling and deep-sea resources.
- Former FIMI director general B.K. Bhatia said revision is needed as the MMDR Act is also being recast.
Why 2019 Is Being Reopened
- The 2019 policy sought stronger regulation, transparency and sustainable mining, including tribal-area concerns.
- FICCI Mining Committee co-chair Pankaj Satija cited the National Critical Mineral Mission among later reforms.
- He said jurisdictions worldwide have rewritten mining policy around national priorities and value addition.
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