Amended in 2051
Objective of the act is to promote the existing mine and minerals
Mineral products means the an inorganic product excluding gas and petroleum exist Mineral products over or under the earth and made of physical or chemicals combination.
All mineral products found inside the Nepal are the property of Government of Nepal.
These are classified in two category – Metal and Non Metal
Three Categories : Most Valuable, Valuable and not valuable
Right to extraction of mineral product is with government. Permission can be given to the private company as per their qualification and previous experience.
License shall be issued for a year and can be renewed. Government can cancel the license if found the licensee doesn't work as per the law.
Responsibility and Rights of License holder:
· To provide report to the concern authority regularly
· To be aware on protection of environment
· To keep communication set and weapons as per requirements
· To enjoy the government facilities as per the laws
· To pay the local taxes and other taxes
· To encroach the private land for time being
· To bring and use of explosive
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