Poging GOUD - Vrij
New offshore-mining rules allow lease surrender after 10 years
Business Standard
|October 22, 2024
Paving the way for India's first offshore mineral auction, the Centre has notified the Offshore Areas Operating Right Rules, 2024, aimed at regulating the exploration and production of minerals in offshore regions.
To make offshore mining more viable, the new rules allow lessees to surrender their entire lease area after 10 years if production operations are deemed uneconomical.
Dit verhaal komt uit de October 22, 2024-editie van Business Standard.
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