Indian mining sector seeks sops to explore mineral wealth
Bengaluru, Sep 12 : The Indian mining sector on Wednesday urged the government to incentivise exploration of the country's rich mineral wealth that remains untapped despite huge potential for its growth and development.
"As the country's vast and rich mineral wealth remains untapped despite huge potential for growth, the government should offer incentives to attract international firms to come and explore the mineral deposits," said Federation of Indian Mineral Industries (FIMI) Secretary-General R.K. Sharma here.
Geologically being a part of Gondwana land, India has the same prospects as other resource-rich countries like Australia, Brazil, Canada, Chile, Indonesia and South Africa.
Gondwana was an ancient super-continent that broke up about 180 million years ago and split into land masses, including Africa, South America, Australia, Antarctica, the Indian sub-continent and the Arabian Peninsula.
"India remains largely under-explored for minerals like gold, diamond, copper, nickel, lead and zinc. Australia and Canada have 13-14 per cent of global exploration budget, while India's share is negligible. Exploration is pre-requisite for developing the mineral resource base," said Sharma.
Ahead of the 8th three-day Mining, Exploration Convention and Trade Show "Mining Mazma 2018" in the city from Thursday, the Federation has urged the government to amend the Mines and Minerals Development & Regulation (MMDR) Act, 1957 in line with the new National Mineral Exploration Policy, 2016.
Under the changed legal framework, non-exclusive reconnaissance permits (RP) are issued to prospective explorers without provision for sale or transfer of their permits or transition of their rights to prospective licensing-cum-mining licensing (PL-cum-ML).
"The MMDR Act needs to be amended to enable reconnaissance permit holders to have the right of transition to PL-cum-ML or sell their rights to prospective investors," reiterated Sharma.
Besides a favourable legal framework, the mining apex body asked the government on May 9 to relax the guidelines of the Ministry of Environment, Forest and Climate Change, which restrict prospecting of minerals with 5-10 per cent NPV (Net Present Value).
"As the guidelines are bound to impact exploration, we urge the government to withdraw them for effective exploration of minerals in the forest areas," added Sharma.
Of the 89 mineral blocks notified across the country, 45 were auctioned and 146 attempts for made for their exploration. Of the 45 blocks, though six have been ready for composite license (PL-cum-ML), not one of them were granted this over the last two years.
"Similarly, no mining lease has been granted for greenfield blocks auctioned for exploration, prospecting and mining them due to delays in clearances and consents by the Central and state governments," Sharma lamented.
The apex body, however, welcomed the deregulation of the coal sector that allows commercial mining of coal by private firms and gives an impetus to the sector's growth.
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17,969 acres Wakf property encroached in Karnataka, mostly by Muslims: Minister Khan
Bengaluru (PTI): Karnataka Minister for Wakf & Minority Welfare B Z Zameer Ahmed Khan told the Legislative Assembly on Monday that 17,969 acres of Wakf property have been encroached upon in the state, mostly by Muslims themselves.
The minister was responding to a question by Afzalpur Congress MLA M Y Patil during the Question Hour.
"Total Wakf property across the state is 1,12,860 acres, out of which only 20,054 acres is in our hands. As many as 17,969 acres have been encroached, 47,263 acres have gone under the Inam Abolition Act and 23,627 acres have gone under the Land Reforms Act," Khan said.
He said that after the Congress government came to power and he became the department's minister, Wakf Adalats were held across the state aimed at removing encroachments.
Noting that 1,12,860 acres of Wakf land were given not by the government, but by private individuals and organisations for the welfare of the community, the minister said encroachments on Wakf property are mostly by the Muslim community itself, not by temples or other communities.
"Encroachments on Wakf land are not by others, they are done by Muslims themselves. Wakf Adalats were held to remove those encroachments, but the BJP made it an issue," he said, adding that encroachment issues are being resolved.
Leader of Opposition R Ashoka intervened and said the BJP's objections were not about removing encroachments by Muslims on Wakf land, but about farmers' land, land belonging to schools such as the one studied by Bharat Ratna Sir M Visvesvaraya, and in some cases land belonging to temples, among others, being claimed as Wakf land.
The BJP is in fact in favour of an investigation into the encroachment of Wakf properties, he said.
Responding to this, the minister clarified that the government is not laying hands on any temples or educational institutions by claiming them as Wakf property.
"To identify encroachments by private people, mostly Muslims, Wakf Adalats were held," he added.
