Coal India Limited (CIL) has been granted a Composite License for Grant of Mineral Concession by the Ministry of Mines, Government of India. The license allows CIL to proceed with mining activities under the Mines and Minerals (Development and Regulation) Act, 1957, as amended. The Mining Lease deed needs to be executed by the State Government, making CIL the holder of the Mining Lease within 5 years.
Mineral Concession Awarded
Coal India Limited has received a significant boost with the granting of a Composite License for Mineral Concession. The license has been awarded by the Ministry of Mines, Government of India. This development enables CIL to further its mining operations in accordance with regulatory guidelines.
Key Details of the Concession
The concession is governed by the Mines and Minerals (Development and Regulation) Act, 1957, as amended. The next key step involves the execution of a Mining Lease deed by the respective State Government. Once completed, CIL will become the official holder of the Mining Lease. The timeframe for achieving this milestone is within 5 years. The block is named Kawalapur REE and RM 398 Ha.
Source: BSE
