Minerals and Mining Act

The Minerals and Mining Act is a law that governs the exploration, extraction, and management of mineral resources within a country. It sets the rules for obtaining licenses, ensures responsible mining practices, and promotes sustainable development. The Act aims to balance economic growth with environmental protection and community interests, regulating how companies explore and extract minerals such as gold, copper, or diamonds. It also includes provisions for royalty payments and tax collection, ensuring the nation benefits from its natural resources while encouraging responsible and environmentally conscious mining activities.