RULE-68

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 68. Performance guarantees. -(1) A person shall, at the time of the grant of a mineral title, or mineral concession other than a reconnaissance licence, lodge with the licensing authority security for compliance with the holder's obligations under these Rules. (2) A security under sub-rule (1) shall be by way of bank guarantee parent company guarantee or in the form of National Defence Savings Certificate.