The Mines and Minerals (Development and Regulation) Act, 1957 · II — GRANT OF MINING LEASE

Section 13. Payments under mining lease

In force · As amended up to 2026-08

13. Payments under mining lease— (1) The lessee shall pay royalties and dead rent to the State Government as specified in the Act and the rules made thereunder. - (2) The lessee shall pay the applicable amount quoted under rule 8 to the State Government on a monthly basis. - (3) The lessee shall contribute such amounts as may be required under the Act/Rule made thereunder to - - (a) the designated account of the District Mineral Foundation. - (4) The lessee shall also pay such other amounts as may be required under any law for the time being in force to the concerned authorities. 13. Notwithstanding anything contained herein, a. the liability of the bank under this bank guarantee shall not exceed the Guarantee Amount. b. This bank guarantee shall be valid up to the Expiry Date.

Source: India Code