Joshi said the Mines and Mineral (Development and Regulation) (MMDR) Act, 1957 was amended with effect from January 12, 2015 and auction has been introduced as a method of allocation of mining leases to bring greater transparency in the mining sector.
He said the central government has made certain other amendments and works together with the state governments for effective implementation of the act and the rules.
The minister said considering the future of mining industry, the National Mineral Exploration Trust has been constituted under Section 9(C) of the MMDR Act for taking up detailed and regional exploration and studies for mineral development.
The Geological Survey of India (GSI) and the Mineral Exploration Corporation Limited (MECL) have been entrusted the work of exploration in mining sector. Various Central and state government agencies have been notified under section 4 of MMDR Act for undertaking exploration, he said.
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