Sharing the wealth of minerals: Policies, practices and implications
It is now well recognised across the world that wealth generated by the mining sector comes at a substantial development cost, along with environmental damages and economic exclusion of the marginalised. This has also been exhaustively documented in India. In fact, the major mining districts of India are among its poorest and most polluted. Considering the negative externalities of the mining sector, new policies and practices are being explored and implemented across the world to ensure that mineral wealth can be converted into sustainable development benefits for local communities.