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RULE-73

Persons who may hold mineral concessions

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 IV SPECIAL PROVISION RELATING TO SMALL SCALE MINING Division-1 General 73. Persons who may hold mineral concession. -A person may not hold a mineral concession unless the person - (a) is a citizen of Pakistan; or (b) is a company formed by or under a law for the time being in force in Pakistan whose articles of association contain a provision that - (i) only citizens of Pakistan may own shares in the company; (ii) only another company whose articles of association contain such a provision may own shares in the company; or (iii) only a citizen of Pakistan and a company referred to in sub-paragraph (ii) may own shares in the company.