Viacoin VIA Mining Lease
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HYDERABAD: Putting an end to the discretionary powers enjoyed by state governments in granting leases for quarrying minerals, especially major minerals, the Union ministry of mines has made online competitive bidding mandatory to grant leases. Until now the states used to grant leases on first-come-first-served basis and usually such licenses were given to applicants close to the ruling party. There had been allegations of corruption in the earlier state government and legal cases had been filed against the lease holders. Recently, there were allegations that the firm owned by DK Snigdha Reddy, daughter of former minister D K Aruna, was illegally quarrying minor minerals outside the allotted area in Mahbubnagar district.
The Hyderabad high court has ordered the director of survey and land records to survey the mine lease area allotted to her. With the Centre's new notification, the state government will henceforth have to follow online bidding for issue of leases for major minerals such as iron ore, bauxite, limestone and manganese as well as minor minerals. Officials said that before inviting tenders, the state government would have to demarcate the area using global positioning systems and classify the land (forest land, government-owned land etc) where the mining lease is proposed to be granted. Even in the bidding documents, the government is required to provide details like estimated mineral resources, brief particulars and evidence of mineral content. The bidding would be held in two stages � technical and financial � and the successful bidder will have to pay an upfront fee and also performance security for the mining lease. 'The Union department of mines issued a gazette notification for Mineral (Auction) Rules, 2015 on Friday. The state government will have to frame rules on procedures to be adopted to conduct online auctions,' R Mangiram, director of mines and geology department told TOI.
Officials said the state has reserves of various minerals, including coal, iron ore, limestone, dolomite, manganese, quartz, feldspar, stowing sand, laterite, yellow ochre, barytes, uranium and granites. Mine GameCredits GAME Without Hardware. As of now, three reconnaissance permits for gold, diamond and precious metals, 18 prospecting licenses, 521 mining leases for major minerals (industrial minerals), 1,186 quarry leases for granites and 1,429 quarry leases for other than granites have been granted by the department.
In the Bayyaram reserve forest area, it is estimated that 11 million tonnes of medium grade iron ore is available. Low grade iron ore deposits are available in Karimnagar, Adilabad and Warangal districts. Uranium deposits are available in Nalgonda district and the Uranium Corporation (UCIL) had filed an application for grant of mining lease in an extent of 542 hectares. The company is yet to start quarrying for want of some permissions. 'The state government earns about Rs 1,800 crore per year through mineral revenues against the target of about Rs 2,300 crore. How To Calculate Metaverse ETP ETP Mining Profitability. Now, with the bidding process for allotting leases, the state government is likely to get an additional revenue of Rs 500 crore,' a senior official of the mines and geology department said.
Official sources said some reforms like online filing of mineral concession applications and online e-payment and e-permit were also introduced on a pilot basis in Karimnagar district last year. Keeping out corruption * Licences for mining major and minor minerals to be given through a competitive bidding process * Before inviting tenders, the state govt must demarcate mining area using global positioning systems.