[March]Captive Mines

Question 1

What?

Answer 1

Those mines which are allocated/auctioned for some specific plant/project and the mineral extracted from the captive mine can be used only for that plant/project for which it has been allocated. The mineral extracted was not allowed for sale.

Now Govt. is in the process of amending the “Mines and Minerals Development and Regulation Act 1957” (MMDR), so that the captive mines which has already been given (or may be given in future) will be allowed to sell up to 50% of the output in the open market.

Question 2

What is contemporary policy?

Answer 2

after 2015/2018, the new mines are being auctioned for sale of coal/minerals also. But the mines which had already been given as “captive mines”, even in those mines now up to 50% of production will be allowed for sale once this bill gets passed.