(1) For the purpose of participating in the auction of mining lease, an applicant shall meet the requirements as specified in section 5 of MMDR Act and the terms and conditions of eligibility as specified in Schedule-I.
(2) The Director, Mines /Deputy Commissioner may having regard to article 244 and the Fifth Schedule to the Constitution, the provisions of the Panchayats (Extension to the Scheduled Areas) Act, 1996 (40 of 1996); and the Scheduled Tribes and other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 (2 of 2007), make such amendments to Schedule I as it may deem necessary.
(3) The eligibility for participating in the auction shall be determined as per the terms and conditions of eligibility for participating in the Jharkhand Gazette Ordinary Notification No.-24, dated—06.09.2017 auction and the Successful Bidder shall be decided solely on the basis of financial bids submitted by the eligible bidders.
7. Electronic Auction- (1) An auction shall be conducted only through an online electronic auction platform.
(2) The Director, Mines /Deputy Commissioner may utilise any online electronic auction platform which meets the minimum technical and security requirements as specified in the Guidelines for compliance to Quality requirements of e-Procurement Systems issued by the Standardisation Testing and Quality Certification Directorate, Department of Information Technology, Ministry of Communications and Information Technology, Government of India.
8. Bidding parameters- (1) The Director, Mines / Deputy Commissioner shall specify in the tender document the minimum percentage of the value of mineral despatched, which shall be known as the "reserve price".
(2) The value of mineral despatched shall be an amount equal to the product of,-
(i) mineral despatched in a month; and
(ii) sale price of the mineral (Grade-wise and State-wise) as published by Indian Bureau of Mines for such month of despatch or the price notified by the Director, Mines.
(3) The bidders shall quote, as per the bidding parameter, for the purpose of payment to the State Government, a percentage of value of mineral despatched equal to or above the reserve price and the successful bidder shall pay to the Director, Mines /Deputy Commissioner an amount equal to the product of,-
(i) percentage so quoted; and
(ii) value of mineral despatched.
(4) Where an area is being auctioned for more than one mineral, the percentage of value of mineral despatched as quoted by the successful bidder under sub-rule (3) shall be applicable for the Jharkhand Gazette Ordinary Notification No.—24, dated—06 September,2017 purpose of payment to the Director, Mines /Deputy Commissioner in respect of each such mineral.
(5) If subsequent to grant of a mining lease, one or more new minerals are discovered, the percentage of value of mineral despatched as quoted by the successful bidder under sub-rule (3) shall be applicable for the purpose of payment to the Director, Mines /Deputy Commissioner in respect of each such mineral.