National Mineral Exploration Policy (Non-Fuel And Non-Coal Minerals) 2016.
Country
Type of law
Policy
Abstract
This National Mineral Exploration Policy (NMEP) document spells out the strategy and outlines the action plan that the Government will adopt to ensure comprehensive exploration of country’s mineral resources (non-fuel and non-coal).
For ensuring extensive and intensive exploration of the country, the NMEP has provided the basic requirements for explorers to foray with confidence into the challenging venture of mineral exploration. The explorers will have free access to basic geoscience data on geospatial platform, access to output of research programs for uncovering the concealed and deep seated deposits, and a structured regime where the risk of investment is mitigated to a reasonably large extent. The NMEP also provides for an industry driven centre for mineral targeting, which will provide a platform where crucially important diverse geoscientific issues of delineating potential zones for deep seated and concealed mineral deposits can be addressed through collaborative programs of government, academia and industry. The policy also provides a framework for utilization of the funds of National Mineral Exploration Trust for exploration as well as capacity building of the State Government exploration wings.
For ensuring extensive and intensive exploration of the country, the NMEP has provided the basic requirements for explorers to foray with confidence into the challenging venture of mineral exploration. The explorers will have free access to basic geoscience data on geospatial platform, access to output of research programs for uncovering the concealed and deep seated deposits, and a structured regime where the risk of investment is mitigated to a reasonably large extent. The NMEP also provides for an industry driven centre for mineral targeting, which will provide a platform where crucially important diverse geoscientific issues of delineating potential zones for deep seated and concealed mineral deposits can be addressed through collaborative programs of government, academia and industry. The policy also provides a framework for utilization of the funds of National Mineral Exploration Trust for exploration as well as capacity building of the State Government exploration wings.
Attached files
Web site
Date of text
Repealed
No
Source language
English
Legislation Amendment
No