How Mines and Mineral Bill 2023 clears roadblocks for private investment

With the node, the country is set to see an influx of private capital and technology for improved exploration and production of critical and deep-seated minerals

In a bid to attract private sector investment in the exploration of critical and deep-seated minerals in the country, the Parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, on August 2.

The Bill amends the Mines and Minerals (Development and Regulation) Act, 1957, allowing for private participation in the exploration and mining of 29 minerals that include gold, silver, copper, cobalt, nickel, lead, potash, rock phosphate, beryllium, and lithium, among others.

With this nod, the country is set to see an influx of private capital and technology for improved exploration and production of critical and deep-seated minerals that