Section 2. The Director, Mines/Deputy Commissioner may, with prior intimation to the Bank, assign the right und

12. The Director, Mines/Deputy Commissioner may, with prior intimation to the Bank, assign the right under this Guarantee to any other departments, ministries or any governmental agencies, which may act in the name of the Director, Mines /Deputy Commissioner. Save as provided in this Clause 12, this Guarantee shall not by assignable or transferable. 2. Definitions.- (1) In these rules, unless the context otherwise requires,- - a) "Act" means the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957); - b) "Composite Licence" means prospecting licence-cum-mining lease granted under rule 18; - c) "Mine Development and Production Agreement" means the agreement referred to in sub-rule (4) of rule 10 or sub-rule (8) of rule 18; - d) "Preferred bidder" means the bidder referred to in sub-clause (iii) of clause (b) of sub-rule (4) of rule 9; - e) "Qualified bidders" means the bidder referred to in sub-clause (iv) of clause (a) of sub-rule (4) of rule 9; - f) "Reserve Price" means the minimum percentage of value of mineral despatched as referred to in sub-rule (1) of rule 8; - g) "State Government" means Government of Jharkhand. - h) "Section" means section of the Act; - i) "Schedule" means a Schedule appended to these rules; - j) "Successful bidder" means the bidder as referred to in sub-rule (3) of rule 10 or sub-rule (2) of rule 18; - k) "Technically Qualified Bidders" means the bidder as referred to in sub-clause (ii) of clause (a) of sub-rule (4) of rule 9; Jharkhand Gazette Ordinary Notification No.-24, dated—06.09.2017 - l) "Tender Document" means the tender document issued by the Director, Mines / Deputy Commissioner for conduct of an auction referred to in sub-rule (2) of rule 9; - m) "Upfront Payment" means the payment referred to in sub-rule (1) of rule 11; - 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. - "Value of mineral despatched" shall have the meaning specified in sub-rule (2) of rule 8. - o) "Director, Mines" means appointed as Director, Mines by the State Government. - p) "Director, Geology" means appointed as Director, Geology by the State Government. - q) "Deputy Commissioner" means appointed as Deputy Commissioner of respective District - (2) The words and expressions used in these rules but not defined herein shall have the same meaning as assigned to them in the Act or rules made there under.