RE: Updates8 Oct 2024 08:59
ARUN TEJA
Mining Lawyer @ NMDC Limited | Attorney, Cyber Law
April 8, 2023
Identify the minerals you wish to mine: The first step in obtaining a mining lease is to identify the minerals you wish to mine. Different minerals require different types of mining leases, and the process for obtaining them may vary.
Obtain a prospecting license: Before applying for a mining lease, you must obtain a prospecting license from the relevant state government. This license allows you to explore the area for minerals and assess the commercial viability of the deposit.
Prepare a mining plan: Once you have identified the minerals and assessed their viability, you must prepare a mining plan that outlines the proposed mining operations, including the equipment and methods to be used, the estimated reserves and production, and the environmental impact assessment.
Obtain necessary clearances: Before the mining lease is granted, you must obtain several clearances from various authorities, including the environmental clearance from the Ministry of Environment and Forests, and the forest clearance from the State Forest Department.
Apply for a mining lease: After obtaining all the necessary clearances, you must apply for a mining lease with the State government. The application must include the mining plan, a statement of the estimated reserves, and a statement of the royalty and other fees to be paid.
Await approval and execute the lease agreement: Once the application is submitted, the State government will evaluate the proposal and grant the mining lease if it meets all the criteria. If the application is approved, the mining company must execute the lease agreement with the State government.
Hopefully they will be getting ready to sign the lease agreement when given the okay, lawyers will be busy, could be quite complex! In the meantime, the rig is hot stacked, will we be hiring it out, or keeping to hand? When is Lorna going back to Taz for the grant? I assume she will be going back for photo opps of the ML being handed to her on behalf of Helium One as a company. One whiff of her flying back to Taz and it will be game on hopefully! I suspect she will be back there before the conference she is attending.