Rajya Sabha
No proposal for handing over some mines to foreign companies is under
consideration of the Government. Under Section 5(1) of Mines and
Minerals (Development and Regulation) Act, 1957, only an Indian national
or a company registered in India under Section 3(1) of the Companies Act,
1956 can be granted a mining lease.
This information was given by the Minister of Mines Shri Sis Ram Ola in
a written reply to Shri Tarini Kanta Roy in the Rajya Sabha here today.
NNK/UB
(Release ID :22442)