Sandur Manganese & Iron Ores has suspended all activities in its mining leases with effect from January 01, 2014. The company has taken this step after the Forest Department directed suspension of mining operations without taking cognizance of the deemed renewal provisions. The company is making all efforts to obtain orders for resumption of operations.
The company had mining leases granted under the provisions of Mines & Minerals (Development & Regulation) Act, 1957 (MMDR Act) for a period of 20 years effective from January 01, 1994 and the same period has expired on December 31, 2013.
The company in compliance with the provisions of rule of the Mineral Concession Rules, 1960 (MC Rules) had applied for its renewal more than 12 months prior to its expiry and accordingly the company is entitled to continue its operations under the deemed renewal provisions prescribed under MC Rules.
The company had mining leases granted under the provisions of Mines & Minerals (Development & Regulation) Act, 1957 (MMDR Act) for a period of 20 years effective from January 01, 1994 and the same period has expired on December 31, 2013.
The company in compliance with the provisions of rule of the Mineral Concession Rules, 1960 (MC Rules) had applied for its renewal more than 12 months prior to its expiry and accordingly the company is entitled to continue its operations under the deemed renewal provisions prescribed under MC Rules.
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