Queensland Consolidated Acts Queensland Consolidated Acts(1) Mining leases 90045 and 90058 (the former leases) granted under the Mineral Resources Act 1989 are cancelled.
(2) Mining leases 90045 and 90058 (the new leases) are granted to the company.
(3) The Mineral Resources Act 1989, section 318 does not apply to the former leases only because of their cancellation under subsection (1).
(4) Each new lease is taken to be have been granted under the Mineral Resources Act 1989 on the same terms as the corresponding former lease.
(5) However, the term of each new lease starts on the commencement of this section.
(6) Also, each new lease is granted in full satisfaction of any rights arising out of or in relation to the corresponding former lease.
(7) Anything done under the former leases is taken to have been validly done under the new leases.