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(1) No minerals, concentrates and other materials which contain uranium
in its natural state in excess of such proportion as may be prescribed by notification by the Central
Government shall be disposed of except with the previous permission in writing of the Central
Government and in accordance with such terms and conditions as it may impose.
(2) The Central Government may serve notice on any person who has produced any mineral,
concentrate or other material referred to in sub-section (1) that the Central Government 1[proposes to
compulsorily acquire it and upon the service of the notice], the mineral, concentrate or other material
shall become the property of the Central Government and shall be delivered to the Central Government or
as it may direct:
2* * * * *
3[(3) Compensation in respect of acquisition under sub-section (2) shall be paid in accordance with
section 21 and in determining such compensation regard shall be had to the cost of production of such
mineral, concentrate or other material and such other factors as may be relevant but no account shall be
taken of the value of uranium in its natural state contained therein.]
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