Print
XClose
Press Information Bureau
Government of India
Ministry of Mines
03-September-2012 16:43 IST
Allotment of Shares to Mining PAPs
In accordance with the National Mineral Policy, 2008, which provides that special care will be taken to protect the interest of tribal populations by developing models of stakeholder interest in mining projects, and stakeholder consultations, the Government has introduced the draft Mines and Minerals (Development and Regulation) Bill (MMDR Bill), 2011 in Lok Sabha on 12.12.2011 in which there is a provision for sharing of benefits with the local population and allocation of atleast one share at par to each person of the family affected by mining, so as to give a sense of ownership in the enterprise.

Various Industry Associations have objected to the allocation of shares to persons affected from mining operations. These objections are before the Standing Committee on Coal and Steel which is examining the MMDR Bill, 2011.

This information was given by the Minister of State for Mines (Independent Charge) Shri Dinsha Patel in a written reply to a question in Rajya Sabha today.

****


RTS/HSN