National Mineral Policy 2006 - Department of Mines

would have to be carefully drafted in order to reflect these ideas, the Committeeagreed to the following specific textual changes in the NMP to embody some of them:(i)Chapter 1: Preambleo In paragraph 1.2, delete the first sentence. Also delete the words ‘in times ofinternational strife’ at the end of the third sentence and add the following textas the fourth sentence:‘At the same time, it is essential that search is made in the country for moremineral resources through scientific exploration using state-of-the-art techniques,and for this the policy environment must continue to be improved so that it isconducive for investment and technology flows.’(ii)Chapter 2: Regulation of Mineralso Add the following text as paragraph 2.3:‘In order to make the regulatory environment conducive to private investment theprocedures for grant of mineral concessions shall be seamless and security oftenure shall be guaranteed to the concessionaires.’(iii)Chapter 3: Objectiveso Replace 3(c) by the following: ‘to promote use of state-of-the-art explorationtechniques and mining technology’.(iv)Chapter 4: Role of the State in Mineral Developmento Insert the following sentence at the end of the existing text:‘In line with the current economic policy, in future the core functions of the Statein mining will be facilitation of exploration and mining activities of investors andentrepreneurs, provision of infrastructure, and regulation and tax collection.184