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What is the period and tenure for which a prospecting license is granted?

April 26, 2017GRANTED license period prospecting tenure

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What is the period and tenure for which a prospecting license is granted?

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i. A PL for any mineral or prescribed group of associated minerals is granted for a maximum period of 3 years and for a maximum area of 25 square kilometer. ii. A PL can be renewed in such a manner that the total period for which a PL is granted does not exceed 5 years. iii. In Tamil Nadu, a person can be granted a maximum area of 25 square kilometer in 1 or more PLs, but if the Central Government is of the opinion that in the interest of development of any mineral it is necessary to do so, the maximum area limit can be relaxed. iv. The person who undertakes prospecting under PL enjoys preferential right for grant of mining lease.