“successful bidder”

The Mines and Minerals (Development and Regulation) Act, 1957 · s. 2

"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 mont…