New Delhi: The government has put forth a proposal to fully automate the mining sector in India, as it seeks to eliminate discrepancies in mineral grades and ensure accurate valuation for calculating royalty revenue and auction premiums for states.
In line with this objective, the ministry of mines has released a consultation paper, seeking inputs from states before finalizing the rules under the Mines and Minerals (Development and Regulation) Act, 1957, which will serve as the governing framework for nationwide mining operations.
The consultation paper draws on the recommendations of a committee constituted by the ministry to address concerns regarding the misclassification of iron ore and other minerals.
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