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ii) Evidence of immovable property duly verified by the Competent


Authority to the tune of Rs.15.00 lac. In case, an applicant is unable to
produce evidence of immovable property, he/she may furnish additional
evidence of his/her capacity to invest cash amount of Rs.15.00 lac.
iii) Provided in case an applicant is unable to show the cash liquidity at (i)
above he/she may give additional evidence of immovable property for
double the amount stated therein.

2. FOR MINING CONCESSIONS FOR ALL OTHER MINERALS.

i) Attested copies of documents relating to the fixed deposits, Defence


Saving Certificates, NIT Shares in the name of the applicant for Rs.3.00
lac or statement of Bank transactions for a period of 12 months (not older
than a month on the date of filing of application) showing a minimum
closing balance of Rs.3.00 lac and reasonable number of transactions of
the same amount during the year.
ii) Evidence of immovable property duly verified by the Competent
Authority to the tune of Rs.10.00 lac. In case, an applicant is unable to
produce evidence of immovable property he/she may furnish additional
evidence of his/her capacity to invest cash amount of Rs.10.00 lac.
iii) Provided in case an applicant is unable to show the cash liquidity at 2(i)
above he/she may give additional evidence of immovable property for
double the amount stated therein.

3. In case of private limited companies, proper evidence of paid up capital at least 5


million, duly verified by the relevant Authority not older than one year shall be
furnished.
4. The Licensing Authority also considers it expedient to lay down, with immediate
effect, the policy regarding holding of an area and number of mining concessions by a
person under the rules ibid, that
a. No applicant or his/her family combined, from the private sector shall be
granted more than five mining concessions.
b. Area granted under prospecting license/mining lease to an individual or
firm will range from 200 to 1000 acres in case of coal and 50 to 300 acres
for all other minerals.
c. Mining Leases granted through sealed tender will not be counted towards
the holding of the party/firm.
d. The holding of share upto 10% by a person/Director of a firm will not be
counted towards total concessions granted.
e. The maximum and minimum limits regarding size of the area under a
prospecting license/mining lease granted for coal will be from 200 to 1500
acres to a private limited company or to an individual having financial
capability/capital of Rs.5.0 million. For all other minerals, it will be from
50 to 300 acres respectively.
f. For rock salt, the minimum and maximum limit of the area under a
prospecting license or mining lease shall be 50 to 500 acres.
g. No extension to a licensed/leased area will be granted beyond the
maximum limit of acreage prescribed for various minerals.
h. Grant of concessions to a private limited company will be subject to its
performance. In case of satisfactory performance adjudged by Licensing
Authority, private limited company can hold any number of concessions.
108

i. No restriction regarding holding of number of concessions, will be


applicable to the joint stock companies having minimum paid up capital of
20 million rupees. Their applications will be decided on the basis of their
performance in the earlier granted areas.
Sd/-
(MUHAMMAD ASLAM)
DIRECTOR SMALL MINES ASISTANCE/
TITLES, PUNJAB, LAHORE.

DIRECTOR GENERAL OF MINES


AND MINERALS, PUNJAB, LAHORE

Dated Lahore, the October 06, 2008

NOTIFICATION

NO.DGM&M/DEV-CDN-I(56)/07.- In supersession to all the earlier Notifications in the


matter, the Licensing Authority is hereby pleased to lay-down the following policy
regarding financial capability of the applicants (individual/private limited
companies/registered firm) holding of an area and number of mining concessions under
rules 96(1)(c), 102 and 103 of the Punjab Mining Concession Rules, 2002 with
immediate effect .-
1. FOR MINING CONCESSION FOR COAL, ROCK SALT AND METALLIC
MINERALS.
i) Attested copies of documents relating to the fixed deposits, Defence
Saving Certificates, NIT Shares in the name of the applicant (individual or
partnership firm) to the extent of Rs.7.00 lac or statement of Bank
transaction for a period of 12 months (not older than a month on the date
of filing of application) showing a minimum closing balance of Rs.7.00
lac and reasonable number of transaction of the same amount during the
year.
ii) Evidence of immovable property duly verified by the Competent
Authority to the tune of Rs.16.00 lac. In case, an applicant is unable to
produce evidence of immovable property, he/she may furnish additional
evidence of his/her capacity to invest cash amount of Rs.16.00 lac.
iii) Provided in case an applicant is unable to show the cash liquidity at (i)
above he/she may give additional evidence of immovable property for
double the amount stated therein.
2. FOR MINING CONCESSIONS FOR ALL OTHER MINERALS.
i) Attested copies of documents relating to the fixed deposits, Defence
Saving Certificates, NIT Shares in the name of the applicant
(individual/partnership firm) for Rs.3.00 lac or statement of Bank
transactions for a period of 12 months (not older than a month on the date
of filing of application) showing a minimum closing balance of Rs.3.00
lac and reasonable number of transactions of the same amount during the
year.
ii) Evidence of immovable property duly verified by the Competent
Authority to the tune of Rs.10.00 lac. In case, an applicant is unable to
produce evidence of immovable property, he/she may furnish additional
evidence of his/her capacity to invest cash amount of Rs.10.00 lac.

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