37—Approval of application and registration
(a) must
not grant a mining lease unless the Minister is satisfied—
(i)
that there is a reasonable prospect that the land in
respect of which the lease is sought could be effectively and efficiently
mined; and
(ii)
that appropriate environmental outcomes will be able to
be achieved; and
(b) must
not grant a mining lease if the Minister considers that sufficient
investigations have not been carried out in order to enable the Minister to
determine the terms and conditions on which the lease could be granted.
(2) However, if the
Minister cannot grant a mining lease by virtue of the operation of
subsection (1), the Minister may instead, with the concurrence of the
applicant for the mining lease (and on the basis of such further application
by the applicant as the Minister thinks fit), grant a retention lease under
Part 7.
(3) If the Minister
decides to grant a mining lease, the lease will be taken to be granted under
this Act when the lease is registered on the mining register (and the term of
the lease will be taken to commence from the date of registration).