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4[7. Periods for which prospecting licences may be granted or renewed.

(1) The period for which 5[a reconnaissance permit or prospecting licence] may be granted shall not exceed three years.

(2) A prospecting licence shall, if the State Government is satisfied that a longer period is required to enable the licensee to complete prospecting operations be renewed for such period or periods as that Government may specify:

Provided that the total period for which a prospecting licence is granted does not exceed five years:

Provided further that no prospecting licence granted in respect of 6[a mineral included in Part A and Part B to] the First Schedule shall be renewed except with the previous approval of the Central Government.]

Mines and Minerals (Development and Regulation) Act, 1957 Back

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