1 week ago
SAIL Welcomes Mining Amendment, Citing Greater Viability and Certainty
SAIL is a large Indian steel company that operates iron ore and coal mines.
It welcomed a new mining law called the Mines and Minerals (Development and Regulation) Amendment Act, 2026.
The law was notified by the Central Government on August 17.
SAIL said the law makes mining taxes and charges more predictable.
It also deals with older charges that were applied to past periods.
This could make SAIL’s own mines more financially workable.
SAIL expects more iron ore to become available in India.
The company said this could help steelmakers use more domestic raw materials and rely less on imports.
SAIL also said it will continue developing its mineral resources responsibly and sustainably.
SAIL welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, notified by the Central Government on August 17.
The company said the reform will improve predictability and uniformity in mineral taxation and levies.
SAIL expects the changes to improve the viability of its captive iron ore and coal mines.
The company said stronger domestic iron ore availability could support steel supply chains and reduce import dependence.
SAIL said the reforms may encourage investment, boost production, and strengthen India’s mineral and energy security.
- Who
- Steel Authority of India Limited (SAIL)
- What
- Welcomed the Mines and Minerals (Development and Regulation) Amendment Act, 2026, saying it will improve mining certainty and viability.
- Where
- New Delhi, India
- When
- The Act was notified on August 17, 2026; SAIL issued its welcome on Thursday.
- Why
- SAIL said the reform will clarify mineral taxation, address retrospective levies, encourage investment, improve captive mine viability, and strengthen domestic raw-material supply.
Key facts
- Company
- Steel Authority of India Limited (SAIL)
- Legislation
- Mines and Minerals (Development and Regulation) Amendment Act, 2026
- Notification date
- August 17, 2026
- Main reform
- Greater clarity and uniformity in mineral taxation and levies
- SAIL mining operations
- Captive iron ore and coal mines
- Expected market effect
- Higher domestic iron ore availability and stronger supply chains
- Broader objectives
- More investment and production, lower import dependence, and stronger mineral and energy security
Quotes
SAIL
Steel Authority of India Limited, a state‑owned steelmaker operating captive mines
“"It also addresses pending retrospective levies, thereby providing greater certainty and confidence to the mining industry."”
freepressjournal.in
Sources
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