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Consider the following Statements regarding ‘ Mines and Minerals (Development and Regulation) Amendment Bill, 2023’:
  1. The Bill declassifies niobium,  titanium,  tantallium, and zirconium minerals from the category of atomic minerals. 
  2. The Bill allows activities under a single exploration license in an area up to 1,000 square kilometers.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Consider the following Statements regarding ‘ Mines and Minerals...
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Consider the following Statements regarding ‘ Mines and Minerals...
  • Recently, the Parliament has passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2023 to amend the Mines and Minerals (Development and Regulation) Act, 1957.
  • Statement 1 is correct: The Bill declassifies beryl and beryllium, (ii) lithium, (iii) niobium, (iv) titanium, (v) tantallium, and (vi) zirconium minerals from the category of atomic minerals.  
    • Upon removal of these minerals from the list of atomic minerals, exploration and mining of these minerals will be open to the private sector.
  • The Bill adds that auction for composite licence and mining lease for specified critical and strategic minerals will be conducted by the central government. 
  • Statement 2 is correct: The Bill allows activities under a single exploration license in an area up to 1,000 square kilometers.
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Consider the following Statements regarding ‘ Mines and Minerals (Development and Regulation) Amendment Bill, 2023’: The Bill declassifies niobium, titanium, tantallium, and zirconium minerals from the category of atomic minerals. The Bill allows activities under a single exploration license in an area up to 1,000 square kilometers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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