Section 11 of MMDR : Section 11: Grant Of Composite Licence Through Auction In Respect Of Minerals Other Than Notified Minerals
MMDR
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Explanation using Example
Imagine a scenario where a private company, "Future Minerals Pvt. Ltd.", is interested in exploring and potentially mining a non-coal mineral resource such as copper in a particular region of a state. The area is known to have some evidence of copper deposits, but the extent and economic viability of the deposits are not yet fully established.
The state government, as per Section 11 of The Mines and Minerals (Development and Regulation) Act, 1957, decides to grant a composite licence for this mineral through an auction process. Since the ...
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