New Mining Bill Proposes Uranium Mining Monopoly for Government

Kathmandu. The government has proposed a new bill to repeal the four-decade-old law related to mines and minerals. According to the proposed bill, only government companies will be allowed to excavate radioactive minerals including uranium.

Furthermore, a policy has been adopted to heavily increase fees and royalties to discourage intermediaries from hoarding mining licenses and to directly revoke licenses if work is not done.