This is my dream. Only I decide what happens here. All events in this dream actually happen when we get a good mineral policy…
Enough has been written about the problems, so I will only dream about the consequences of an ideal policy. I want to remain in that happy space…
As a professional geologist I have always dreamed of working in India and making major mineral discoveries. I have done that in other countries, and I know it is possible in India. However, our jurisdictional barriers are insurmountable for a technocrat like me. I am no political manager and I have poor liaison skills. Therefore, I am incapable of starting a such a business and making a major mineral discovery in my own country. My technical skills would remain hugely discounted in India.
During the COVID 19 lockdown I started writing about mineral policy and soon turned into a “mining journalist” (only because we need labels to define ourselves). I started this story with a policy critique describing how poor policy choices have kept India reconciled to Chinese dominance. I had titled that article as “Head in the Sand Policy on Rare Earth Elements (REEs)”. However, half way through the story, I listened to a speech from PM Modi about impossible reforms that are now happening. And I started dreaming. I decided to write about my dream of India in a time of a great mineral policy. What would I be reporting about if my dream world became a reality!!!
Will this will remain a dream? OR one day my dreams will come true? Time will tell – so here we go…
Our current mineral policy has almost eliminated entry barriers for mineral exploration entrepreneurs. Mineral exploration start-ups and even an enterprising geologist with a bright idea can now secure a Composite License (CL). The CL includes exploration and mining rights and is applied online at the Ministry of Mines website. Environmentally sensitive and strategically important areasContinue reading “In my dream-1…mineral policy creates a vibrant mineral exploration start-up ecosystem”
Exploration boom crated due to the excellent mineral policy has caused a huge demand of geologists, geophysicists, drilling engineers, drill rig manufacturers and analytical laboratories. This is reminiscent of the exploration boom of 2004-2008, much of which bypassed India. Universities are struggling to keep up with the demand and students are getting job offers evenContinue reading “In my dream-2…mineral policy creates exploration service industries”
Till a few years back rural industrialization was a pipe dream all one could think of were were small food processing units. But today, with reforms in mineral policy, mineral exploration and mining are leading this rapid rural industrialization. Recent changes to the mineral policy, has created a tectonic shift in India’s standing in globalContinue reading “In my dream-3…mineral policy policy brings rapid rural industrialization”
Policy that facilitates exploration start-ups and a vibrant stock market is fueling this explosive growth. Joint venture between Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) has started a new stock exchange especially for start-ups.“The Indian Exchange for Ventures Stocks” (THIEVS) now facilitates domestic mineral exploration companies to list on this special exchange whichContinue reading “In my dream-4…mineral policy creates major boom in stock market”
Gold mining firms has been the biggest beneficiaries of the policy reforms. The gold production has jumped from the 2 tonnes / year when the policy reforms started to about 80 tonnes / year in the last financial. This has resulted in direct import savings of about $5 billion. Due to the import, tax savingsContinue reading “In my dream-5…mineral policy creates gold mines”
Recently established “Rare Earth International” is consortium between the major Indian producers of mineral sands V V Minerals, Toyota Motors of Japan and Less Known Metals of UK. This consortium had approached the government with a proposal to secure monazite as byproduct from the garnet, ilmentite and zircon mining of mineral sands in Andhra PradeshContinue reading “In my dream-6…mineral policy makes India world’s electric vehicle manufacturing destination”
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