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MINING ACT 1978 - SECT 102A

MINING ACT 1978 - SECT 102A

102A .         Exemption from expenditure conditions in respect of certain holders of exploration licences

        (1)         Notwithstanding anything in section 102, the Minister may, on payment of the prescribed fee and on the application in writing of the holder of an exploration licence who has been authorised by the Minister under section 111 to explore for iron on the land the subject of the exploration licence, grant that holder a certificate in the prescribed form totally or partially exempting the holder of that licence from the prescribed expenditure conditions relating to the exploration licence in an amount not exceeding the amount required to be expended in any one year.

        (1a)         An application referred to in subsection (1) may relate to more than one exploration licence.

        (2)         The refusal by the Minister of an application referred to in subsection (1) does not prevent the holder of the exploration licence concerned from making an application referred to in section 102(1) in respect of that exploration licence.

        [Section 102A inserted: No. 122 of 1982 s. 25; amended: No. 100 of 1985 s. 77; No. 15 of 2002 s. 25.]