Q6 of 43 Page 74

What aspects of regulations in the mining by the government do you agree with? And why?

A New National Mineral Policy was announced in 1993, and the government allowed private companies to lease mines and operate them. The companies were to pay a royalty to the government for the minerals they extracted and sold. In this way the government could retain regulatory control over the mining, get income from them and at the same time encourage private companies to invest money and bring in new technologies. However, the government continues to control mining of all minerals relating to atomic energy.


As a result of this policy there has been a boom in mining during the last twenty years. There has been a major increase in the number of mines, the minerals mined, and the employment in the mining sector.




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