G.S.R. 674(E): In exercise of the powers conferred by section 13 of the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957), the Central Government hereby makes the following rules further to amend the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016, namely:
1. (1) These rules may be called the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Amendment) Rules, 2019.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016, in rule 44, (a) in clause (i), under sub-heading Average sale price of metal:
(A) for the words “and Zinc”, the words “Zinc, and such other metals” shall be substituted;
(B) after the words “Reserve Bank of India” the words “or any agency authorised by the Reserve Bank of India” shall be inserted.
(b) in clause (ii), for the words “and Silver”, the words “,Silver and such other metals” shall be
substituted.
(c) in rule 45, under the sub-heading Formula for calculating average sale price of metallurgical grade Bauxite to be used in alumina and aluminium extraction, Limestone, Tungsten, for sub-rule (1), the following sub-rule shall be substituted, namely:
“(1) The State Government shall arrive at the average sale price of metallurgical grade Bauxite in the following manner:
Average Sale Price = 52.90% x Percentage of A12O3 in bauxite on dry basis x Average Aluminium price in Indian rupees for the month as published by IBM x Conversion factor as notified by the Central Government.
