Cement, Energy and Environment

or match the price quoted by H-1 bidder by the way of this provision. 5. Encouraging the private sector to take up exploration. · Current Exploration regime in India as per Mineral (Non-Exclusive Reconnaissance Permit) Rules, 2015 does not allow seamless transition from RP to PL to ML. · The holder of a non- exclusive reconnaissance permit may choose to submit its findings to the State Government and may request the State Government to conduct auction for grant of a prospecting licence cum- mining lease or a mining lease based on such findings. No provision for incentive to explore. · The NERP holder is not entitled to make any claim for the grant of any Composite Licence or Mining Lease on the basis of non-exclusive reconnaissance permit. Does not allow prospective explorers to capitalize on their discovery and No freedom to sell/transfer exploration rights. · Currently exploration is being carried out by Government exploration companies who have limited infrastructure and resources. State of art technology with knowledge base is required to geologically prove the deposits specially deep seated /strategic minerals and convert the resources into economic and feasibility axis. No mineral- rich country has developed its mining industry on the basis of government exploration alone in the last more than 30 years. Active participation of private sector may be required. · Since exploration regime is not congenial in present scenario, no private sector or FDI will come for exploration in the country. We should follow the success steps of resource- rich countries in exploration rather than re-inventing the wheel. 6. Database of mineral resources and tenements under mining tenement systems. · To attract private investment through incentives, government aims to keep database and update regularly. It may help private sector to take decision of investment if the seamless transition is allowed. 7. Creation of dedicated mineral corridors to boost private sector mining areas. · Use of coastal waterways and inland shipping for evacuation and transportation of minerals and encourages dedicated mineral corridors to facilitate the transportation of minerals is a welcome move and needs proper implementation. 8. Proposal to grant status of industry to mining activity · The move may boost financing of mining for private sector and for acquisitions of mineral assets in other countries if implemented properly. 9. Long term import export policy for mineral. · It is a welcome move which may provide stability and as an incentive for investing in large scale commercial mining activity and help private sector in better planning and stability in business. 10. Rationalization of reserved areas given to PSUs · The mineral bearing lands which were reserved by issuance of notification by the State Government for the exclusive use of their PSUs under rule 58 of Mineral Concession Rules, 1960 (MCR 1960) and no 3