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Part B: Mineral Rights - Part B-5: Development Minerals - 31. Development Minerals Exploitation Licence | 31.9 Renewal of licence

Refer to example provisions for mining licences. In addition to the considerations discussed under those provisions, it is recommended that reporting requirements should be included as a condition for renewal. This is one way of ensuring that holders of development minerals provide accurate data required for policy analyses and formulation.

31.9 Example 1:

Article [_]

[Regulating Authority] may reject an application for renewal of a licence if the holder fails to comply with reporting requirements in relation to the mineral operations or willingly or negligently submits inaccurate reports.

Annotation

This example aims to emphasise data collection for better policy analysis in a sector that is dogged by inaccurate and poor data.

31.9 Example 2:

Article [_]

Upon satisfying the conditions for renewal of a large scale development mineral exploitation licence, the licence shall be renewed by the [Regulating Authority] for a period of [_] years.

Annotation

This example provides assurance that the licence will be renewed if the holder meets the conditions of the licence as provided in the law or in the licence.