Medilytix Bureau : As many as six key amendments to the Mines and Minerals (Development and Regulation) Act, 1957 are proposed to be introduced in the current monsoon session of the Parliament.
Eight minerals including lithium, beryllium and zirconium will likely be removed from the restricted list that prohibits mining by private companies. Lithium is a lightweight mineral that forms a critical component in rechargeable lithium-ion batteries used in ebikes and electric cars.
Amid a surge in demand for electric vehicles (EVs), the government is reportedly mulling opening up the lithium mining sector for private players. As many as six key amendments to the Mines and Minerals (Development and Regulation) Act, 1957 are proposed to be introduced in the current monsoon session of the Parliament. As part of the plans, eight minerals including lithium, beryllium and zirconium will be removed from a restricted list that prohibits mining by private companies, Bloomberg reported.According to an earlier report by Mint, another proposal in the pipeline includes removing lithium from the list of atomic minerals. It is pertinent to note that the Centre had prohibited the mining of atomic minerals by private entities in 2019, granting operating rights to only state-run companies to ‘safeguard’ strategic interest of the country. The proposed amendments also aim to create a separate new category – critical and strategic minerals, which will include eight of the 12 atomic minerals.

The Centre would also reportedly be empowered to offer concessions for mining these minerals to both public and private sector companies. The bedrock of EV transition, Lithium is a lightweight mineral that formswhich will include eight of the 12 atomic minerals.

The Centre would also reportedly be empowered to offer concessions for mining these minerals to both public and private sector companies. The bedrock of EV transition, Lithium is a light weight mineral that forms a critical component in rechargeable lithium-ion batteries used in ebikes and electric cars. The move to open up the mining space has largely been envisaged with making the country self-sufficient in green technologies.

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