ational Mineral Policy, 2008, which seeks to develop a sustainable framework for optimum utilisation of the country’s natural mineral resources for the industrial growth in the country and improving the life of people living in the mining areas, which are generally located in the backward and tribal regions of the country. The Mineral Policy also enunciates that special care will be taken to protect the interest of host and indigenous (tribal) populations through developing models of stakeholder interest based on international best practice. He further informed that the Government has approved a draft MMDR Bill 2011 which has been introduced in Lok Sabha on 12th December, 2011 and referred to Standing Committee on Coal and Steel on 5th January, 2012, The draft Bill provides that:-
(i) In all exploration activities suitable compensation shall be payable to the person or family holding occupation or usufruct or traditional rights on the area of exploration.
(ii) All mining Lease holders to pay annually into District Mineral Foundation a sum equivalent to royalty in case of major minerals(other than coal) and a sum equivalent to 26% of profit in case of coal minerals and in case of minor minerals a sum prescribed by the State Government will be payable to District Mineral Foundation
(iii) Mining Companies allot at-least one share at par to each person of the family affected by mining so as to give a sense of ownership in the enterprise.
(iv) Mining Companies provide employment or other Compensation as stipulated under the R&R policy.
(v) After mining is complete, mining companies need to pay for damages, if any, to affected persons as part of the mine closure and restoration process.
(i) In all exploration activities suitable compensation shall be payable to the person or family holding occupation or usufruct or traditional rights on the area of exploration.
(ii) All mining Lease holders to pay annually into District Mineral Foundation a sum equivalent to royalty in case of major minerals(other than coal) and a sum equivalent to 26% of profit in case of coal minerals and in case of minor minerals a sum prescribed by the State Government will be payable to District Mineral Foundation
(iii) Mining Companies allot at-least one share at par to each person of the family affected by mining so as to give a sense of ownership in the enterprise.
(iv) Mining Companies provide employment or other Compensation as stipulated under the R&R policy.
(v) After mining is complete, mining companies need to pay for damages, if any, to affected persons as part of the mine closure and restoration process.
