Canada is a one-stop shop in mining. The MoU will benefit India from the first to the last stage of its mineral development," said Canada-India Business Council (C-IBC) mining committee chairman Hemant Shaw, who is leading the largest-ever mining delegation to India in November this year.
"Global mining companies are waiting for India to legislate its new mineral policy. But when will the government announce it? It has been only talked about for four years," said Shah.
Lauding India for its new mineral policy, Jon Baird, president of the organisers Prospectors and Developers Association of Canada (PDAC) and who has been to India for about 30 times, said: "India is refining its mining laws, and I am very pleased about that. It has a bigger job, but it is doing its job."
Vijay Kumar, secretary in the Indian ministry of mines who has authored the new mining policy, said: "We have drawn very good response from the participants. The new policy will be tabled in parliament this month, and is likely to become law by the end of the year. It will bring global mining players into India with their investment, know-how and technology."
Referring to India's mining partnership with Canada, Kumar said, "Canada has many strengths. India has strengths (like geological data). The MoU is ready and India's new mineral policy will strength our mining ties."
He said: "Potentially, India is sitting on rich mineral resources as its geology (of South India) is similar to that (of) western Australia and southern Africa which are rich in mineral resources. The new policy will help exploit this potential."
"Global mining companies are waiting for India to legislate its new mineral policy. But when will the government announce it? It has been only talked about for four years," said Shah.
Lauding India for its new mineral policy, Jon Baird, president of the organisers Prospectors and Developers Association of Canada (PDAC) and who has been to India for about 30 times, said: "India is refining its mining laws, and I am very pleased about that. It has a bigger job, but it is doing its job."
Vijay Kumar, secretary in the Indian ministry of mines who has authored the new mining policy, said: "We have drawn very good response from the participants. The new policy will be tabled in parliament this month, and is likely to become law by the end of the year. It will bring global mining players into India with their investment, know-how and technology."
Referring to India's mining partnership with Canada, Kumar said, "Canada has many strengths. India has strengths (like geological data). The MoU is ready and India's new mineral policy will strength our mining ties."
He said: "Potentially, India is sitting on rich mineral resources as its geology (of South India) is similar to that (of) western Australia and southern Africa which are rich in mineral resources. The new policy will help exploit this potential."
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