Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Amendment) Rules, 2023

6520 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 584] NEW DELHI, THURS DAY , OCTOBER 12, 2023/ ASVINA 20, 1945 CG-DL-E-12102023-249364 MINISTRY OF MINES NOTIFICATION New Delhi , the 12th October , 2023 G.S.R. 737(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 Mineral) Concession Rules, 2016, namely: — 1. Short title a nd commencement .— (1) These rules may be called the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the M inerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016, — (i) in rule 44, after clause (i), the following clause shall be inserted, namely: — "(ia) In respect of Lithium, the equivalent lithium metal prices calculated on the basi s of the weekly prices of lithium hydroxide monohydrate or other appropriate compound of lithium published by London Metal Exchange in a month shall be multiplied by the reference rate for the day of publication of the Reserve Bank of India or any agency a uthorised by the Reserve Bank of India, for the currency in which the price is obtained.”; (ii) in rule 45, after sub -rule (4), the following sub -rule shall be inserted, namely: — “(5)(a) The Indian Bureau of Mines shall publish average sale price of Rare Earth Oxide in Indian Rupees on the basis of prices published by United States Geological Survey (USGS) or other reputed publications by multiplying the price of Rare Earth Oxide by average reference rate of Reserve Bank of India for the month for the curr ency i n which the price is obtained and in case the price of Rare Earth Oxide is not available on monthly basis, the average sale price shall be published on the basis of price of Rare Earth Oxide for the last available calendar year. (b) The State Gover nment shall arrive at average sale price of the ore containing Rare Earth Elements in the following manner, namely: — Average sale price of the ore containing Rare Earth Elements = Sum of (percentage of individual rare earth oxide contained in the ore multiplied by average sale price of that rare earth oxide published by Indian Bureau of Mines). (6) The Indian Bureau of Mines shall publish average sale price of Niobium in Indian Rupees on the basis of prices published by United States Geological Survey (USGS) or other reputed publications for Ferro -Niobium for the last available calendar year by multiplying such price with the following, namely: — (i) average reference rate of Reserve Bank of India for the said calendar year, and (ii) the conversion fact or of 1.59.”. [F. No. M.VI -16/85/2022 -Mines VI] DR. VEENA KUMARI DERMAL , Jt. Secy. Note: - The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016 were published in the Gazette of India, Part -II, section 3, sub-section (i) vide number G.S.R. 279(E), dated the 4th March, 2016 and lastly amended vide number G.S.R. 205(E), dated the 15th March, 2022. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.