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- Amends: Mines and Minerals (Development and Regulation) Act, 1957.
- Lease Provisions:
- Leaseholders can apply to add other minerals to an existing lease.
- No extra payment for adding critical & strategic minerals (e.g., lithium, graphite, nickel, cobalt, gold, silver).
- National Mineral Exploration Trust (NMET):
- Earlier: funded exploration only.
- Now: scope widened to include mine & mineral development.
- Captive Mines:
- Earlier: could sell up to 50% of production after end-use needs.
- Now: no sale limit.
- Lease Area Extension:
- One-time extension allowed for deep-seated minerals (occurring >200m depth).
- Mineral Exchanges:
- Bill provides for establishment of registered electronic trading platforms.
- Central govt. to frame rules on:
- Registration, fees & charges.
- Prevention of insider trading & manipulation.
- Grievance redressal.
