India

Centre to Review 2019 Mineral Policy on Critical Minerals, Recycling and Deep-Sea Resources

By Livemint

The Ministry of Mines will conduct a comprehensive review of the National Mineral Policy, 2019, to address new demands in the mining sector, with a focus on critical minerals, recycling and deep‑sea resources. A nine‑member committee, chaired by the Additional Secretary of the Ministry, has been formed to examine the existing policy in light of recent developments and changing sector needs. The committee is required to submit its recommendations within two months of its formation.

The 2019 policy, approved by the Union Cabinet chaired by Prime Minister Narendra Modi, was designed to improve regulation and sustainable development of mining, while addressing concerns of people affected by mining projects, especially in tribal areas. It aimed to create a transparent, effective and implementable framework, emphasizing better regulation, balanced social and economic development, and sustainable mining practices.

The review seeks to incorporate changes that have occurred since 2019, particularly the growing importance of critical and strategic minerals, and the Ministry’s initiative to revise the Mines and Minerals (Development and Regulation) Act, 1957. Experts say the updated policy should provide a forward‑looking framework to unlock India’s mineral potential, attract investment and advanced technologies, strengthen mineral security and enhance the sector’s contribution to the national economy.

Pankaj Satija, Co‑Chair of the FICCI Mining Committee, noted that mining jurisdictions worldwide have updated their policies to reflect national priorities, supply‑chain resilience, value addition and sustainable development. He added that India’s reforms, including amendments to mining law and the National Critical Mineral Mission, warrant a fresh look at the policy.

Industry stakeholders have welcomed the opportunity to contribute to the review.