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Consider the following statements regarding the recently approved Mineral Laws (Amendment) Ordinance 2020:
(1) It allows any Indian-registered company even without any experience in mining to bid and develop coal blocks.
(2) It will result in awarding of a composite license issued as prospecting cum mining license for mining of coal and lignite
Which of the statements given above is/are not correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Consider the following statements regarding the recently approved Mine...
The Mineral Laws (Amendment) Ordinance, 2020 was promulgated on January 10, 2020. The Ordinance amends the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) and the Coal Mines (Special Provisions) Act, 2015 (CMSP Act). The ordinance allows any India-registered company to bid and develop coal blocks. So, statement (1) is correct.
Removal of restriction on end-use of coal: Currently, companies acquiring Schedule II and Schedule III coal mines through auctions can use the coal produced only for specified end-uses such as power generation and steel production. The Ordinance removes this restriction on the use of coal mined by such companies.
Eligibility for auction of coal and lignite blocks: The Ordinance clarifies that the companies need not possess any prior coal mining experience in India in order to participate in the auction of coal and lignite blocks.
Composite license for prospecting and mining: Currently, separate licenses are provided for prospecting and mining of coal and lignite, called prospecting license, and mining lease, respectively. But now there will be a composite license issued as prospecting cum mining license for mining of coal and lignite. So, statement (2) is correct. Therefore, the answer is (d).
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Consider the following statements regarding the recently approved Mineral Laws (Amendment) Ordinance 2020:(1) It allows any Indian-registered company even without any experience in mining to bid and develop coal blocks.(2) It will result in awarding of a composite license issued as prospecting cum mining license for mining of coal and ligniteWhich of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding the recently approved Mineral Laws (Amendment) Ordinance 2020:(1) It allows any Indian-registered company even without any experience in mining to bid and develop coal blocks.(2) It will result in awarding of a composite license issued as prospecting cum mining license for mining of coal and ligniteWhich of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the recently approved Mineral Laws (Amendment) Ordinance 2020:(1) It allows any Indian-registered company even without any experience in mining to bid and develop coal blocks.(2) It will result in awarding of a composite license issued as prospecting cum mining license for mining of coal and ligniteWhich of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the recently approved Mineral Laws (Amendment) Ordinance 2020:(1) It allows any Indian-registered company even without any experience in mining to bid and develop coal blocks.(2) It will result in awarding of a composite license issued as prospecting cum mining license for mining of coal and ligniteWhich of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
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