Section 5
General effect of declaring the mining concessions to be mining leases.
The Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act, 1987
About this Act
An Act to provide for the abolition of the mining concessions in operation in the Union territory of Goa, Daman and Diu and specified in the First and the Second Schedules, and for the declaration of such mining concessions as mining leases under the Mines and Minerals (Regulation and Development) Act, 1957 with a view to the regulation of the mines to which such concessions relate and for the development of minerals under the control of the Union and for matters connected therewith or incidental thereto.
(1) Where a mining
concession has been deemed to be a mining lease under section 4, the concession holder shall, on and
from the day mentioned in that section, be deemed to have become the holder of such mining lease under
the Mines and Minerals Act in relation to the mine to which the mining concession relates, subject to the
condition that the period of such lease shall, notwithstanding anything contained in that Act, extend up to
a period of six months from the date of assent.
(2) On the expiry of the period of any mining lease under sub-section (1), it may, if so desired by the holder of such lease and on an application being made by him in accordance with the provisions of the Mines and Minerals Act and the rules made thereunder, be renewed on such terms and conditions, and up to the maximum period for which, such lease can be renewed under the provisions of that Act and the rules made thereunder.
(2) On the expiry of the period of any mining lease under sub-section (1), it may, if so desired by the holder of such lease and on an application being made by him in accordance with the provisions of the Mines and Minerals Act and the rules made thereunder, be renewed on such terms and conditions, and up to the maximum period for which, such lease can be renewed under the provisions of that Act and the rules made thereunder.