Notified minerals like iron ore, limestone, manganese, and bauxite, will not require a prospecting licence.
2.
In 1954 it had acquired prospecting licences in the North and South Islands and entered joint venture exploration agreements with Shell and BP in 1955, 1956 and 1961.
3.
Learning from this experience he established Burmah Oil to acquire oil prospecting licences in Upper Burma, passing on ownership to Sir Campbell Kirkman Finlay in the late 1890s, who expanded the business into one of the largest oil companies trading from the United Kingdom.
4.
Amni International Petroleum Development Company Limited ( AMNI ) was originally granted oil prospecting licence ( OPL ) 469 on a sole risk basis on the 24 August 1993 for a term of 5 years by Nigeria's Ministry of Petroleum and Mineral Resources as part of the Nigerian Government indigenous licensing programme.
5.
The Mines and Minerals ( Regulation and Development ) Amendment Act, 1999, inter-alia, provides for ( a ) introduction of a new concept of reconnaissance operations distinct from prospecting; ( b ) delegation of powers to the State Governments to grant mineral concessions for limestone; ( c ) granting of mineral concession in non-compact and non-contiguous areas; ( d ) liberalizing the maximum area limits for prospecting licences and mining leases; ( e ) empowering the State Governments to make rules to curb the illegal mining etc.
6.
Talking about the to be de-allocated Ramchandi promotional block, he said JSPL's application for prospecting licence is pending with Odisha government for more than three years and the state government has not yet " executed PL on one pretext or the other in spite of a number of reminders . " In the circumstances, company could not start exploration activities for no fault of the company, " he said, while noting that the company has already completed various initial work, including detailed feasibility study, for the project and has invested Rs . 740 million on it.
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