The Ministry of Mines, on January 29, 2026, notified the Mineral (Auction) Amendment Rules, 2026, to amend the Mineral (Auction) Rules, 2015.
The following has been stated: -
•The Rules are amended to allow insurance surety bonds as an alternative to security deposits across multiple provisions.
•Timelines for furnishing performance security and related compliances are extended from fifteen days to forty-five days in several rules.
•Certain phrases, such as “extended period” and multiple provisos, are omitted to simplify procedures.
•Provisions relating to trusts are clarified by substituting “Trust” with “and Development Trust” where applicable.
•Transparency in auctions is enhanced through automatic online public disclosure on conclusion of the auction.
They shall come into force on January 29, 2026.
The detailed notification is given in the document below.
[Notification No.: G.S.R. 71(E)]
