New Delhi | December 3, 2015: The Mines Ministry is considering giving permission to owners of captive mining leases to transfer these leases in cases of mergers and acquisitions.
These would be for the leases given prior to January 12, 2015 as the amended Mines & Mineral (Development and Regulation) Act already permits transfers for the new leases, a senior official of the Ministry said. The official said the change can be brought about without an amendment as the new law permits transferring leases in M&A situations.
(Source: http://www.thehindubusinessline.com/)