Format for submitting proposal for auction of an area for grant of composite licence introduced vide Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021

The  Central Government has notified the Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021 to amend the Minerals (Evidence of Mineral Contents) Rules, 2015.

Key amendments:

  • In the Minerals (Evidence of Mineral Contents) Rules, 2015, in rule 7 the following sub-rules shall be inserted, namely


“(1A) Any person intending to obtain composite licence in respect of an area may submit a proposal to the State Government in the format specified in Schedule III along with available geoscience data for notification of the area for auction to grant a composite licence.

(1B) In order to identify mineral potentiality of a block based on the available geoscience data where resources are yet to be established as referred in clause (a) of sub-rule (1), including in any block proposed by any person under the sub-rule (1A), the State Government shall place it before a committee consisting of the following members:


(a) Principal Secretary or Secretary in the Mining and Geology Department of State Government (by whatever name called) Chairman;

(b) Deputy Director General of Geological Survey of India Member;

(c) Director in the Mining and Geology Department of State Government (by whatever name called) Member Secretary.


(1C) On being satisfied of mineral potentiality of the area, the committee may recommend the area for notification for auction with such alteration in it as may be required.

(1D) The committee shall recommend or reject the proposal within sixty days of its receipt in the State Government and thereafter the State Government shall notify recommended block for auction or reject the recommendation within sixty days of such recommendation.”

 

  • Schedule III relating to Format for Submitting Proposal for Auction of an Area for Grant of Composite Licence has been inserted.

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