(1) The Corporation shall obtain mining leases/grants, prospecting licenses, etc. under the Mines and Mineral Development and Regulation Act, 1957 (Act 67 of 1957) and carry out all mining operations in accordance with the said Act.
(2) The Corporation shall also carry out mining operations for the State under MMDR Act.
(3) The Corporation shall carry out business relating to the mining dumps, transportation, extraction of ore, export of ore and mining rejects, slurries, tailings, etc. as may be directed by the Government from time to time. The Corporation shall also participate in the auction related to mining lease/prospecting licence as and when Government auctions such mining leases/prospecting licenses.
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(4) The Corporation shall be entitled to enter into any contracts, agreements, memorandum of understandings, etc. for engaging entities for the purpose of carrying out mining operations as it may consider necessary or expedient or any other business connected therewith in accordance with this Act.
(5) The Corporation shall be entitled to publicly auction, sell the ore which is extracted or which may be otherwise required to be sold by the Corporation, on such terms and conditions as it may deem fit.
(d) The Corporation shall also carry out such other activities as may be directed by the Government from time to time.