The Finance (Taxation of Profits of Certain Mines) Act, 1974, is hereby amended by the insertion, after section 8, of the following section:
(a) In this section -
‘integrated pollution control licence’ means a licence granted under section 83 of the Environmental Protection Agency Act, 1992;
‘mine rehabilitation fund’, in relation to a qualifying mine, means a fund -
(i) which consists of amounts paid by a person who is carrying on the trade of working a qualifying mine to another person (hereafter in this section referred to as the ‘fund holder’) who is not connected with the first-mentioned person,
(ii) which is obliged to be maintained under the terms -
(I) of a State mining facility, or
(II) of any other agreement in writing to which the Minister is a party and to which the State mining facility is subject,
(iii) the sole purpose of which is to have available at the time a qualifying mine ceases to be worked such amount as is specified in a certificate giv