Rule 29
Matters To Be Mentioned In The Contract
While concluding a contract pursuant to Rule 28, such a contract shall include inter alia, the following
matters:
(a) Objectives of the contract,
(b) Period of mining operations and provision for extension of the
period,
(c) Possibility of relinquishment of the mining area, if any, in different
phases,
(d) Liability at the time of relinquishment of mining area,
(e) Works and liabilities of the parties to the contract,
(f) Provision concerning performance guarantee,
(g) Budget programme of mining operations in different phases and
amendment of limitation,
(h) Prospecting operation and results thereof,
(i) Period of minerals production and extension of the period,
(j) Environmental protection, projection of minerals and protection of
life and property,
(k) Provision concerning measurement of produced minerals,
(l) Matter to submit a report on mining operations,
(m) Provision concerning operation and continuation of mining
operations,
(n) Provision concerning security of labours,
(o) Sale and domestic supply of minerals,
(p) Provision concerning employee and training,
(q) Provision concerning procurement of materials,
(r) Provision concerning utilization of land and government assistant,
(s) Operation of mining in the joint venture, if any,
(t) Provision concerning joint review of performance in accordance
with the contract,
(u) Provision concerning partnership and transfer,
(v) Provision concerning postponement and cancellation of mining
operations,
(w) Provision concerning dispute resolution,
(x) Law applicable in the course of mining operation,
(y) Matters to be included in case of situation of force majeure,
(z) Other matters as the Department deems necessary.
matters:
(a) Objectives of the contract,
(b) Period of mining operations and provision for extension of the
period,
(c) Possibility of relinquishment of the mining area, if any, in different
phases,
(d) Liability at the time of relinquishment of mining area,
(e) Works and liabilities of the parties to the contract,
(f) Provision concerning performance guarantee,
(g) Budget programme of mining operations in different phases and
amendment of limitation,
(h) Prospecting operation and results thereof,
(i) Period of minerals production and extension of the period,
(j) Environmental protection, projection of minerals and protection of
life and property,
(k) Provision concerning measurement of produced minerals,
(l) Matter to submit a report on mining operations,
(m) Provision concerning operation and continuation of mining
operations,
(n) Provision concerning security of labours,
(o) Sale and domestic supply of minerals,
(p) Provision concerning employee and training,
(q) Provision concerning procurement of materials,
(r) Provision concerning utilization of land and government assistant,
(s) Operation of mining in the joint venture, if any,
(t) Provision concerning joint review of performance in accordance
with the contract,
(u) Provision concerning partnership and transfer,
(v) Provision concerning postponement and cancellation of mining
operations,
(w) Provision concerning dispute resolution,
(x) Law applicable in the course of mining operation,
(y) Matters to be included in case of situation of force majeure,
(z) Other matters as the Department deems necessary.