The Mines and Minerals Development and Regulation Amendment Bill 2016 1 Allows for the transfer of m...........

Environment and Ecology Environment- Institutional Structure

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The Mines and Minerals (Development and Regulation) Amendment Bill, 2016.

1. Allows for the transfer of mining leases which have been granted through an auction process

2. Prohibits the transfer of mining leases which have been granted through procedures other than auction

Which of the above statements is/are correct?

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

The Mines and Minerals (Development and Regulation) Amendment Bill, 2016 allows for the transfer of mining leases which have been granted through an auction process.The bill also allows for the transfer of mining leases which have been granted through procedures other than auction, and where the minerals are used for captive purpose.