Composite mine licences to attract pvt investments soon
Mint Mumbai|March 02, 2023
Govt to grant single exploration licence to scout for gold, silver, platinum and copper.
Subash Narayanan
Composite mine licences to attract pvt investments soon

The government is planning to grant composite exploration licences for valuable but hard-to-locate minerals such as gold, silver, platinum and copper as it seeks to attract more private investment in mining.

According to persons aware of the development, the mines ministry has moved draft amendments to the Mines and Minerals (Development and Regulation) Act, proposing a single exploration licence for specialised mineral exploration companies to conduct reconnaissance, prospect mines and earn revenue from its discovery after the mine is put to auction for miners.

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