Strategically important large offshore mineral blocks will be set aside for public sector units in response to Chinese deep sea mining, two persons privy to the plans said.
These strategic blocks would be offered only to nominated PSUs, and without any auction. The move comes in the backdrop of China’s global ambitions in deep-sea mining.
Stringent regulations for offshore mining form part of amendments to the OffShore Areas Mineral (Development and Regulation) Act 2002 (OAMDR) which the government plans to introduce and pass in the coming monsoon session of Parliament, one of the two persons said.
The amendment bill aims to improve transparency in the allocation of mineral resources, with a provision for granting production lease only through auction.
Nonetheless, government entities will likely maintain a significant presence in offshore areas, while private companies will be encouraged to contribute cutting-edge technologies for the execution of complex mining operations.
Bu hikaye Mint Mumbai dergisinin April 14, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin April 14, 2023 sayısından alınmıştır.
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