EXPLORATION & DEVELOPMENT Indian Minerals Yearbook 2013 (Part- I: GENERAL REVIEWS) 52nd Edition EXPLORATION & DEVELOPMENT (FINAL RELEASE) GOVERNMENT OF INDIA MINISTRY OF MINES INDIAN BUREAU OF MINES Indira Bhavan, Civil Lines, NAGPUR – 440 001 PHONE/FAX NO. (0712) 2565471 PBX : (0712) 2562649, 2560544, 2560648 E-MAIL :
[email protected] Website: www.ibm.gov.in September, 2015 4-1 EXPLORATION & DEVELOPMENT 4 Exploration & Development GOVERNMENT’S POLICY concession holders will be monitored. he National Mineral Policy, 2008 for non-fuel Lock-in arrangement will be assured and Tand non-coal minerals, introduced by the the data will be released to prospectors Government in replacement of the National Mineral after integration. Policy 1993 lay enormous thrust on the various * Prospecting being a high-risk venture, aspects of mineral industry, such as regulation of access to risk funds from capital markets minerals, role of State in mineral development, will be facilitated. survey and exploration, database of mineral resources and tenements, strategy of mineral This policy initiative is expected to encourage development, etc. Among other things, strong greater involvement of private sector in survey emphasis is laid on the following: and exploration of minerals. * To judiciously exploit and utilise the The High-Level Committee constituted by the country's mineral potentialities, Government of India which brought out the systematic regional and detailed National Mineral Policy, 2008 has recommended exploration will be carried out using state- amendments to the MMDR Act, 1957 with the of-the-art techniques in a time bound purpose of providing necessary initiatives to manner. Zero-waste mining will be the attract investment and participation of private national goal and mining technology will and public sectors in areas of exploration be upgraded to ensure exploration and and exploitation of minerals.