The government has set the stage for a paradigm shift in the mining sector with the passage of the Mines and Minerals Bill in Parliament. A crucial reform is the adoption of an auction-based regime, injecting much-needed transparency in mine allocations. But there are several hidden cost implications for the beleaguered mining industry.
Mineral production as part of world market share
Investment in exploration
Number of active mines
Provisions of the Act
(Illustrations by: Raj Verma; Research by: Niti Kiran)