Mines and Minerals (Development and Regulation) Act, 1957 (As amended by the Mines and Minerals (Development & Regulation) Amendment Act, 2023 (16 of 2023), dt. 9-8-2023 | Commercial Law Publications

The Mines and Minerals (Development and Regulation) Act, 1957, an essential reference guide for those interested in understanding the legal framework surrounding India's mining industry. This comprehensive legislation has been amended by the recent Mines and Minerals (Development & Regulation) Amendment Act, 2023, ensuring that it remains up to date and aligned with the changing dynamics of the sector.

?? The Act provides a robust regulatory framework for the development, regulation, and conservation of mines and minerals in the country. It aims to balance the economic interests of the mining industry with the sustainable development and environmental concerns.

?? With this Act, the government aims to promote transparency, accountability, and fairness in the allocation and granting of mineral concessions. It sets out the procedures and guidelines for obtaining mining leases, prospecting licenses, and reconnaissance permits, ensuring that these processes are carried out in a lawful and ethical manner.

?? The Act also establishes mechanisms for the prevention of illegal mining activities, thus protecting the mineral resources of the country for the benefit of the nation and its people. It empowers the government to take necessary measures to curb illegal mining, including the imposition of penalties and the confiscation of illegal mining proceeds.