Business Today

Clearing the Minefield

While Mines and Minerals Bill injects much-needed transparency in mine allocations, several hidden cost implications for the beleaguered mining industry.
Team Business Today        Print Edition: April 26, 2015
Hidden costs remain for mining industry
(Photo: Reuters)

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 output
Mineral output

Mineral production as part of world market share
Mineral production as part of world market share

Investment in exploration
Investment in exploration

Number of active mines
Number of active mines

Provisions of the Act
Provisions of the Act

(Illustrations by: Raj Verma; Research by: Niti Kiran)

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