Panel Urges Faster Mine Start-Ups After Auctions
COAL & MINING

Panel Urges Faster Mine Start-Ups After Auctions

A Parliamentary panel has flagged persistent delays between mine auctions and the start of operations, urging the government to consider setting up an inter-ministerial committee to monitor post-auction progress for mineral and critical mineral projects.

In its latest report, Self-Reliance in Minerals and Metals, the Standing Committee on Coal, Mines and Steel said that despite policy initiatives and simplified exploration norms, projects continue to face hurdles due to lengthy regulatory clearances, inadequate exploration, forest clearances even at the exploration stage, and significant time lags between auctions and operationalisation.

The committee recommended prioritising critical mineral projects for statutory approvals and proposed an inter-ministerial group to oversee post-auction milestones with a mandate to fast-track mine development. It also suggested considering penalties for delayed operationalisation and incentives for faster production to improve compliance and efficiency.

Acknowledging reforms undertaken between 2015 and 2023, the panel noted substantial changes to modernise India’s mineral sector regulatory framework. Key amendments to the Mines and Minerals (Development and Regulation) Act included introducing auctions for granting mineral concessions, setting a uniform lease period of 50 years in place of renewals, notifying private exploration agencies, and amending the Offshore Areas Mineral (Development and Regulation) Act to allocate operating rights through auctions.

Since 2015, a total of 486 mineral blocks have been auctioned, including 462 by state governments and 24 by the Centre. The committee said closing the gap between allocation and production is critical to securing mineral supplies and advancing self-reliance goals.

A Parliamentary panel has flagged persistent delays between mine auctions and the start of operations, urging the government to consider setting up an inter-ministerial committee to monitor post-auction progress for mineral and critical mineral projects. In its latest report, Self-Reliance in Minerals and Metals, the Standing Committee on Coal, Mines and Steel said that despite policy initiatives and simplified exploration norms, projects continue to face hurdles due to lengthy regulatory clearances, inadequate exploration, forest clearances even at the exploration stage, and significant time lags between auctions and operationalisation. The committee recommended prioritising critical mineral projects for statutory approvals and proposed an inter-ministerial group to oversee post-auction milestones with a mandate to fast-track mine development. It also suggested considering penalties for delayed operationalisation and incentives for faster production to improve compliance and efficiency. Acknowledging reforms undertaken between 2015 and 2023, the panel noted substantial changes to modernise India’s mineral sector regulatory framework. Key amendments to the Mines and Minerals (Development and Regulation) Act included introducing auctions for granting mineral concessions, setting a uniform lease period of 50 years in place of renewals, notifying private exploration agencies, and amending the Offshore Areas Mineral (Development and Regulation) Act to allocate operating rights through auctions. Since 2015, a total of 486 mineral blocks have been auctioned, including 462 by state governments and 24 by the Centre. The committee said closing the gap between allocation and production is critical to securing mineral supplies and advancing self-reliance goals.

Next Story
Real Estate

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Next Story
Infrastructure Energy

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Next Story
Infrastructure Urban

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement