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[Cites 0, Cited by 0] [Section 2(1)] [Section 2] [Entire Act]

State of Jharkhand - Subsection

Section 2(1)(n) in Jharkhand Minor Mineral (Auction) Rules, 2017

(n)"Value of estimated resources" means an amount equal to the product of,"
(i)the estimated quantity of mineral resources for which the mineral block is being auctioned, expressed in metric tonne/cft; and
(ii)the average price per metric tonne of such mineral as published by Indian Bureau of Mine for Jharkhand State for a period of twelve months immediately preceding the month of computation of the Value of Estimated Resources or the price notified by the Director, Mines; on the basis of the norm followed by Indian Bureau of Mines.