(1) This section applies if, after the end of the transitional period, a mining lease is granted or renewed on an application to which section 878 applies.
(2) The mining lease is taken to—(a) be a prescribed mineral mining lease under section 317C(1)(b); and(b) have started to be a prescribed mineral mining lease under section 317C(2), when it is granted or renewed.
(3) In this section—
"transitional period" means the period of 3 years that starts on the commencement.