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National conference organized to discuss key issues of opportunities in mining sector

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National conference organized to discuss key issues of opportunities in mining sector

New Delhi, Nov 20 (PTI) The government on Saturday said various stakeholders of the mining industry will participate in a national conference next week and hold strategic discussions on key issues and opportunities of the sector to achieve higher growth rate. and make business easier.

The Fifth National Conference on Mines and Minerals to be held on 23rd November will have several important sections, which will encourage exploration activities, auction system and sound mining practices.

An official statement said that the award ceremony for the five-star rated mines for remarkable performance will be another highlight of the one-day conference.

Introduced in the Mines and Minerals (Development and Regulation) Amendment Act, 2015, the system of auction for grant of mineral concessions has brought transparency and removed monopoly in the mining industry and the auction process.

This has not only resulted in substantial increase in the revenue of the State Governments, but has also made it easier to do business in the mining sector.

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