Current Affairs 21st March 2025

● An Act to provide for development and regulation of mineral resources in the territorial waters, continental shelf, exclusive economic zone and other maritime zones of India and to provide for matters connected therewith or incidental there to Introduction to the Offshore Areas Mineral (Development and Regulation) Act, 2002

The Offshore Areas Mineral (Development and Regulation) Act, 2002 is a pivotal legislation that governs the exploration and mining of minerals in India’s vast offshore territories. This Act was established to create a robust framework that ensures the sustainable development of minerals while safeguarding the environment. The legislation addresses the urgent need for regulation in a sector that holds significant economic potential but also poses environmental risks. Key Objectives and Provisions Regulation of Offshore Mining Territorial Coverage: The Act applies to India’s territorial waters, continental shelf, exclusive economic zone, and other maritime zones, making it comprehensive in nature. Control Mechanisms: Aims to regulate and control the exploration and mining activities in these zones, ensuring they are conducted responsibly. Framework for Licenses and Leases Transparent Processes: Establishes a structured process for granting exploration licenses and mining leases, promoting fairness and transparency. Orderly Access: Ensures an orderly approach for accessing offshore mineral resources, reducing conflicts and uncertainties.