(1) An e-auction for mineral concession shall be conducted for determination of premium amount.
3[ ] 1[(2) For determination of premium amount, the reserve price for mining lease or quarry licence shall be an amount equal to five times of the annual dead rent or licence fee of area under auction respectively or as may be determined by the Government, from time to time.
(3) The bidders shall quote, as per the bidding parameter, for the purpose of payment to the State Government, an amount equal to or more than the reserve price as mentioned in rule 14 and the premium amount so quoted shall not be adjusted against annual dead rent or licence fee, as the case may be. The successful bidder shall pay the premium amount in four installments in following manner:-
(i) first installment, forty percent of the premium amount, within fifteen days of completion of e-auction;
(ii ) second installment, twenty percent of the premium amount, before execution of mining lease deed or issuance of quarry licence, as the case may be;
(iii) third installment, twenty percent of the premium amount, at the beginning of second year of lease/licence period; and
(iv) remaining twenty percent of the premium amount, at the beginning of third year of lease/licence period.
(4) Notwithstanding anything contained in these rules, in case of any auction conducted or being conducted or any mining lease or quarry licence granted pursuant to notice inviting bid published before commencement of the Rajasthan Minor Mineral Concession (Second Amendment) Rules, 2018, the premium amount quoted by the successful bidder shall stand revised proportionately at the time of the enhancement of the dead rent, royalty or annual licence fee, as the case may be and the successful bidder or lessee or licencee, as the case may be, shall be liable to pay such enhanced premium.
(5) Notwithstanding anything contained in these rules, in case of any auction conducted or being conducted or any mining lease granted pursuant to notice inviting bid published before commencement of the Rajasthan Minor Mineral Concession (Second Amendment) Rules, 2018, where subsequent to grant of mining lease, one or more new minerals are discovered, the successful bidder shall also pay the percentage so quoted in respect of each such mineral.]
2[(6) In case of mineral bajri, the State Government may specify the maximum sale price at pit mouth of the lease and the successful bidder shall deliver or sale the bajri on such specified price.]