https://www.taxtmi.com/news?id=55488 Approval of a mining lease was formalised between the state government and the private bidder for the Namchik Namphuk coalfield, enabling commercial open cast extraction under a mine plan with a defined rated capacity. Key statutory authorisations include transfer of environmental clearance to the lessee and forest clearances for the lease area under the Forest Conservation Act. The administrative history records prior allocation to a state corporation, suspension of operations for non compliance and security concerns, subsequent reallocation by auction, and procedural steps such as an escrow agreement to facilitate commencement. en-us Fri, 12 Sep 2025 15:46:03 +0530 Fri, 12 Sep 2025 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=55488 Approval of a mining lease was formalised between the state government and the private bidder for the Namchik Namphuk coalfield, enabling commercial open cast extraction under a mine plan with a defined rated capacity. Key statutory authorisations include transfer of environmental clearance to the lessee and forest clearances for the lease area under the Forest Conservation Act. The administrative history records prior allocation to a state corporation, suspension of operations for non compliance and security concerns, subsequent reallocation by auction, and procedural steps such as an escrow agreement to facilitate commencement. News - Fri, 12 Sep 2025 15:46:03 +0530 https://www.taxtmi.com/news?id=55488