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RULE-46

Duration of mining lease

Act: Balochistan Mineral Rules 2002

Section Provisions

BALOCHISTAN MINERAL RULES, 2002 BALOCHISTAN MINERAL RULES, 2002 [Gazette of Balochistan, Extraordinary, 9th March, 2002] No. S.O.(MR)4-6/2002, dated 8-1-2002.--In exercise of the powers conferred by section 2, of the Regulation of Mines and Oil-Fields and Mineral Development (Government Control) Act, 1948, (XXIV of 1948) the Government of Balochistan is pleased to make the flowing Rules:-- PART III MINERAL TITLES AND MINERAL CONCESSIONS Division-5 Mining Lease 46. Duration of mining lease. (1) Subject to these Rules, a mining lease shall be valid for an initial term of mining lease shall not be less than ten years and shall not exceed thirty years but the lease may contain a clause permitting renewals at the discretion of the licensing authority or Government for further period not exceeding thirty years at a time on such terms and in such form as may be in force on the day on which the renewal is sanctioned. (2) If the mineral Agreement in case of L.S.M and the lease deed in case of Small Scale Mining is not executed within three months of the communication of the approval of the application for a mining lease and the presentation of the mineral agreement/lease deed for signature, the right of the applicant to such lease shall be deemed to have lapsed unless the licensing authority is satisfied that the delay in execution was not caused by the applicant or was due to circumstances beyond the applicant's control.