State Govt to introduce new Mining Policy: CM

Source: The Hitavada      Date: 11 Feb 2019 10:52:08


Business Bureau,

“Maharashtra is very rich in mineral resources in spite of that exploration has not kept pace with the growth in demand. Exploration activity therefore must pick up rapid pace for this industry to flourish. It is need of the hour to encourage investment in exploration and set-up mineral processing units that offer value addition. For this there is need to introduce a new Mining Policy for minor and major minerals with focused dynamic approach,” said Chief Minister of Maharashtra Devendra Fadnavis.

He was speaking on the concluding day of MINCON-2019 conclave on the ‘Opportunities in Mining and Minerals Industry.’ It was organised by Government of Maharashtra through its Industries and Mining Department and Maharashtra State Mining Corporation Limited (MSMC) in association with Vidarbha Economic Development Council (VED) on Sunday.

Shivkumar Rao, Vice-President, VED, S Ramamoorthy, Managing Director of MSMC, Ashish Jaiswal, Chairman of MSMC, Devendra Parekh, President VED and Sudhir Paliwal, Expert Member of Maharashtra State Fly-Ash Council and Director of MAHAGENCO Ash Management Services Limited were present on the dais at the inaugural session.

Fadnavis lauded the efforts of MSMC and VED in organising the MINCON 2019 conclave. Government has tried to work on several aspects but mining has not been dealt aggressively enough. However, with Ashish Jaiswal as Chairman of MSMC, it would make headway within six months. There have been various hurdles and challenges especially in mineral processing due to the high power cost affecting the competitiveness of the mining sector in the State. “Mining took place but processing lagged behind,” he said.

“Now the Government is addressing the power cost which is now comparable to other states of the country. A new base has been created. Still there is a need for drafting a new Mining Policy,” he pointed out. He gave the responsibility of drafting the new policy to MSMC and VED with respect to the framework, incentives and global competitiveness. GoM would give all the concessions to make it successful by giving the new Mining Policy a boost.
“Maharashtra is backward even with regard to the minerals foundation and although auctions are coming through but the response is not enough. So far we have done sand mining but it is highly detrimental on the environment. Sustainable practices are vital as we cannot afford to endanger the environment leading to climate change,” he said.

GoM would focus on the new Mining Policy in June and would like to give financial backing and accept the policy to ensure it is at par with the adjoining states like Chhattisgarh, Odisha, Madhya Pradesh and Telangana, Fadnavis added.

Ashish Jaiswal, Chairman, MSMC spoke on mineral exploration and forests which have taken a back-seat so far, but should be made a priority. MSMC has given a very good proposal for M-Sand mining which would improve the image of the Government of Maharashtra as it would help generate employment and bring more revenue to the region. M-Sand or manufactured sand costs less and can help stop the issue of illegal mining of sand from the river beds.

On the occasion, ‘Expression of Interest’ was signed between MAHAGENCO and MSMC in the presence of the Chief Minister Fadnavis. The document was signed by Rajiv Burde, Executive Director of MAHAGENCO and S Ramamoorthy, Managing Director of MSMC.
The expression of interest is to make available quality limestone from the mines of MSMC to MAHAGENCO. All power plants of MAHAGENCO will be equipped with Flue Gas Desulphurisation (FGD) system as per Government norms to neutralise gases which causes acid rain, global warming and harm the environment. For this process large quantities of limestone is required.

The MoC for the proceedings were Rina Sinha, Ex-VP and Executive Member and Atul Tajpuria, Joint Secretary of VED. The vote of thanks was proposed by Ashish Jaiswal.
Also present were Rahul Upganlawar, Secretary General of VED and others.