FDI POLICY FOR MINING OF TITANIUM BEARING MINERALS & ORES

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..... around the country. Titanium bearing minerals viz. Ilmenite, rutile and leucoxene, and Zirconium bearing minerals including zircon are some of the beach sand minerals which have been classified as "prescribed substances" under the Atomic Energy Act, 1962. 2. Under the Industrial Policy Statement 1991, mining and production of minerals classified as "prescribed substances" and specified in the .....

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..... . S.O.61(E) dated 18.1.2006, the Department of Atomic Energy re-notified the list of "prescribed substances" under the Atomic Energy Act 1962. Titanium bearing ores and concentrates (Ilmenite, Rutile and Leucoxene) and Zirconium, its alloys and compounds and minerals/cpmcentrates including Zircon, were removed from the list of "prescribed substances". 4. On a review of the extant policy on FDI, .....

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..... c Energy (Radiation Protection) Rules, 2004 and the Atomic Energy (Safe Disposal of Radioactive Wastes) Rules, 1987. 5. FDI will not be allowed in mining of "prescribed substances" listed in the Government of India Notification No. S.O. 61(E) dated 18.1.2006 issued by the Department of Atomic Energy. 4. FDI Policy announced vide Annex to Press Note 4(2006) dated 10th February 2006 stands modi .....

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