Periods for which mining leases may be granted or renewed

(1) The period for which a mining lease may be granted shall not exceed twenty years. (2) A mining lease may be renewed for two periods but each of such period shall not exceed ten years (3) Notwithstanding anything contained in Sub-section (2), if the State Government is of opinion that in the interest of mineral development, it is necessary so to do in the public interest, it may, for reasons to be recorded by it in writing, authorize renewal of a mining lease for a further period or periods not exceeding in the each case the period or periods not exceeding in each case the period for which the mining lease was originally granted.