National Mineral Policy 2006 - Department of Mines

of investment in reconnaissance and exploration. For this to be accomplished, theregulatory regime would ensure clarity, fair play and security of investment.’• In paragraph 5.2, insert the words ‘by government agencies’ after the word ‘given’ sothat the paragraph reads as follows:‘In conducting exploration for minerals, special attention will be given by governmentagencies to the development of strategic minerals through systematic investigation ofvarious potential sources of their supply.’• Delete paragraph 5.3.• In paragraph 5.4, add the words ‘by government agencies’ after the words‘Coordination of exploration work’. Also redraft the last sentence as follows:‘The existing arrangement shall be reviewed periodically with a view to bringingabout coordination among the survey and exploration agencies of the government,taking into account the exploration work undertaken by the private sector.’(vi)Chapter 6: National Inventory of Mineral Resources• After the first sentence in paragraph 6.1, replace the remaining text by the following:‘In coordination with the Geological Survey of India, the Indian Bureau of Mines willmaintain a database in accordance with the latest version of the UNFC system. Thedatabase would comprise both physical and resource inventory and include aTenement Registry with details of greenfield areas, brownfield areas and relinquishedareas, including areas given up by the GSI as not worth pursuing. The data would bemaintained online, giving instant information to prospective investors on what isavailable for reconnaissance, prospecting and mining.’(vii) Chapter 7: Strategy of Mineral DevelopmentConservation and Mineral Development• In paragraph 7.1.2, redraft the third sentence as follows:23