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RULE-67

Competitive bids

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-8 Miscellaneous provisions 67. Competitive bids. -The licensing authority may on such conditions as it thinks fit, invite competitive bids on an open basis ; (a) for the issue of an exploration licence or a training lease or mining concession in respect of any area of land which is not subject to - (i) a reconnaissance licence, which gives the holder, an exclusive right referred to in Rule 16 (3); (ii) an exploration licence, a mining lease or a mineral deposit retention licence or a mining concession; or (iii) litigation or arbitration; (b) where several applications have been received in respect of the same area for the same mineral; or (c) on an area of land which has proven mineral reserves and has become available for the issue of an exploration licence or mining lease or mining concession as a result of the relinquishment, surrender, termination or, subject to paragraph(a)(iii) the cancellation of a licence or lease with respect to that area of land.