chemistry today magazine
chemistry today magazine Published this article page no 81 Composite license for prospecting and mining o Currently separate licenses are provided for prospecting and mining of coal and lignite called prospecting license and mining lease respectively. Prospecting includes exploring locating or finding mineral deposit. o The Ordinance adds a new type of license called prospecting licensecummining lease. This will be a composite license providing for both prospecting and mining activities. Removal of restriction on enduse of coal o Currently companies acquiring Schedule II and Schedule III coal mines through auctions can use the coal produced only for specified enduses such as power generation and steel production. This is known as captive mining. o The Ordinance removes this restriction and thus companies will be free to use extracted mineral both for captive use of end use plants (power steel cement etc.) and commercial sale in the open market. Eligibility for auction of coal and lignite blocks o The Ordinance clarifies that the companies which do not possess any prior coal mining experience in India but are financially strong and or have mining experience in other minerals or in other countries can now participate in auction of coallignite blocks. 32 National Highways Authority of India It is an autonomous agency of Government of India set up by NHAI Act 1988. It is responsible for the development maintenance and management of national highways and for matters connected to it chemistry today magazine buy.

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