India’s Ministry of Mines has begun reviewing the National Mineral Policy 2019. A nine-member panel will assess changes in the sector, with particular attention to critical minerals and recycling, and submit its recommendations within two months.
The panel is headed by an additional secretary at the ministry. It has been tasked with identifying provisions that need updating and recommending a comprehensive revision of the policy.
“Revision of the policy has become imperative in view of significant changes in the mineral sector, the growing strategic importance of critical and strategic minerals, and the ministry’s initiative to review and recast the Mines and Minerals Act, 1957,” the Federation of Indian Mineral Industries (FIMI) said.
Pankaj Satija, co-chair of the mining committee at the Federation of Indian Chambers of Commerce and Industry (FICCI), said mining jurisdictions around the world were revising policies to reflect national priorities, supply-chain resilience, domestic value addition and sustainable development.
“India, too, has moved forward through reforms to mining legislation and the launch of the National Critical Mineral Mission. Updating the policy would bring it in line with these changes and the country’s needs in critical minerals, exploration and responsible mining,” Satija said.
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