The simplest way to achieve zero loss mining is to mine through the public sector. The Mines & Minerals (Development & Regulation) Act has a provisio permitting states to reserve areas (or even the entire state) for public sector mining. Here’s the official list from the Indian Bureau of Mines (IBM) of areas reserved in this manner. Gujarat, in 2009 under …
Tag: Minerals
Minerals – who are the beneficial owners
In an earlier post, we had discussed who owns minerals in India under the Constitution. In broad terms, state governments usually own onshore minerals, all offshore minerals are owned by the union government. There are two additional aspects of minerals to consider, the public trust doctrine and the intergenerational equity principle. The Public Trust Doctrine, an integral part of common law …