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.