Amendment status not verified — confirm the current text below against the official source.
Subs. by Act 16 of 2023, s. 6, for “reconnaissance permit, mining lease or prospecting licence” (w.e.f. 17-8-2023). 9 (2) For the purposes of this section, a person acquiring by, or in the name of, another person a 1[mineral concession] which is intended for himself shall be deemed to be acquiring it himself. 2[(3) For the purposes of determining the total area referred to in sub-section (1), the area held under a 1[mineral concession] by a person as a member of a co-operative society, company or other corporation or a Hindu undivided family or a partner of a firm, shall be deducted from the area referred to in sub- section (1) so that the sum total of the area held by such person, under a 1[mineral concession], whether as such member or partner, or individually, may not, in any case, exceed the total area specified in sub- section (1).] 3[7. Periods for which prospecting licences may be granted or renewed.―(1) The period for which 4[a reconnaissance permit or prospecting licence] may be granted shall not exceed three years. (2) A prospecting licence shall, if the State Government is satisfied that a longer period is required to enable the licensee to complete prospecting operations be renewed for such period or periods as that Government may specify: Provided that the total period for which a prospecting licence is granted does not exceed five years: Provided further that no prospecting licence granted in respect of 5[a mineral included in Part A and Part B to] the First Schedule shall be renewed except with the previous approval of the Central Government.] 6[8. Periods for which mining leases may be granted or renewed.―(1) The provisions of this section shall apply to minerals specified in Part A of the First Schedule. (2) The maximum period for which a mining lease may be granted shall not exceed thirty years: Provided that the minimum period for which any such mining lease may be granted shall not be less than twenty years. (3) A mining lease may be renewed for a period not exceeding twenty years with the previous approval of the Central Government.] 7[(4) Notwithstanding anything contained in this section, in case of Government companies or corporations, the period of mining leases including the existing mining leases, shall be such as may be prescribed by the Central Government: Provided that the period of mining leases, other than the mining leases granted through auction, shall be extended on payment of such additional amount as specified in the Fifth Schedule: Provided further that the Central Government may, by notification in the Official Gazette and for reasons to be recorded in writing, amend the Fifth Schedule so as to modify the entries mentioned therein in the said Schedule with effect from such date as may be specified in the said notification. (5) Any lessee may, where coal or lignite is used for captive purpose, sell such coal or lignite up to fifty per cent. of the total coal or lignite produced in a year after meeting the requirement of the end use plant linked with the mine in such manner as may be prescribed by the Central Government and on payment of such additional amount as specified in the Sixth Schedule: Provided that the Central Government may, by notification in the Official Gazette and for the reasons to be recorded in writing, increase the said percentage of coal or lignite that may be sold by a Government company or corporation: