Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Second Amendment) Rules, 2024

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-21022024-252262 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 107] NEW DELHI, TUESDAY, FEBRUARY 20, 2024/PHALGUNA 1, 1945 1170 GI/2024 MINISTRY OF MINES NOTIFICATION New Delhi, the 20th February, 2024 G.S.R. 118(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 Minerals) Concession Rules, 2016, namely:— 1. Short title and commencement.— (1) These rules may be called the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Second Amendment) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016, in rule 45, — (i) for sub-rule (3), the following sub-rule shall be substituted, namely:- "(3) The Indian Bureau of Mines shall publish average sale price of Tungsten Trioxide (WO3) in Indian Rupees on the basis of prices published by the United States Geological Survey or other reputed publications for Tungsten concentrate for the latest available calendar year by multiplying such price of Tungsten concentrate with the following, namely:— (i) average reference rate of Reserve Bank of India for the said calendar year, and (ii) the conversion factor of 1.54."; (ii) after sub-rule (6), the following sub-rules shall be inserted, namely:- "(7) The Indian Bureau of Mines shall publish average sale price of Cadmium, Gallium, Indium, Rhenium, Selenium, Tellurium and Titanium in Indian Rupees on the basis of prices published by the United States Geological Survey or other reputed publications for the Cadmium metal, Gallium metal, Indium metal, Rhenium metal pellets, Selenium powder, Tellurium metal and Titanium sponge metal, as the case may be, for the latest available calendar year by multiplying such price with average reference rate of Reserve Bank of India for the said calendar year. (8) The Indian Bureau of Mines shall publish average sale price of Beryllium in Indian Rupees on the basis of prices published by the United States Geological Survey or other reputed publications for the Beryllium-copper master alloy for the latest 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 factor of 25. (9) The Indian Bureau of Mines shall publish average sale price of Tantalum in Indian Rupees on the basis of prices published by the United States Geological Survey or other reputed publications for Tantalite for the latest 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 factor of 1.22. (10) The Indian Bureau of Mines shall publish average sale price of Vanadium Pentoxide in Indian Rupees on the basis of prices published by the United States Geological Survey or other reputed publications for the Vanadium Pentoxide for the latest available calendar year by multiplying such price of Vanadium Pentoxide with average reference rate of Reserve Bank of India for the said calendar year.". [F. No. M.VI-16/47/2023-Mines VI] Dr. VEENA KUMARI DERMAL, Jt. Secy. Note : The Minerals (Other than Atomic and Hydro Carbons Energy Minerals) 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 4thMarch, 2016 and lastly amended vide number G.S.R. 50(E), dated the 21st January, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.