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MINING ACT 1978 - SECT 55B

MINING ACT 1978 - SECT 55B

55B .         Holder of prospecting licence with retention status may be required to apply for mining lease

        (1)         The Minister may at any time, by notice in writing, require the holder of a prospecting licence that has retention status to show cause why a mining lease should not be applied for in respect of the whole or any part of the land the subject of the prospecting licence.

        (2)         Where —

            (a)         the holder of a prospecting licence fails to show cause within the time specified in the notice referred to in subsection (1); or

            (b)         the Minister is of the opinion that the holder of a prospecting licence has shown insufficient cause,

                the Minister may, by notice in writing, require that holder to apply in accordance with this Act for a mining lease in respect of the whole or any part of the land the subject of the prospecting licence within a period of 60 days from the giving of that notice.

        [Section 55B inserted: No. 39 of 2004 s. 22.]