.India produces 95 minerals, including:
Globally, India is ranked as one of the leading producers of valuable minerals such as chromite, iron ore, coal and bauxite.
Minerals are classified into minor minerals and major minerals. Minor minerals include building stones, gravel, ordinary clay, ordinary sand and other minerals that the central government declares to be a minor mineral.
Minerals that cannot be categorised as minor minerals are considered to be major minerals and include coal, manganese ore and iron ore, as well as other minerals used for industrial purposes.
The mining sector in India is highly regulated and the following laws govern this industry.
The amendments to the CMSPA are aimed at boosting coal production and reducing dependencies on imports. Companies with no coal mining or other mining experience can participate in auctions of coal blocks. Further, the amendment removes end-use restrictions on companies producing coal under the CMSPA. The amended provisions, therefore, allow for wider participation in the auction of coal mines for a variety of purposes (such as own consumption or for any other purpose specified by the central government).
We provide legal counsel in the following areas:
· Royalty and mineral lease agreements :
& Dispute Resolution