38—Term and renewal of mining lease
(1) A mining lease may
be granted for such term as may be determined by the Minister and specified in
the lease.
(2) The holder of a
mining lease may apply for the renewal of the lease before the expiration of
the term of the lease.
(3) An application for
the renewal of a mining lease must be made to the Minister in a manner and
form determined by the Minister before the date of expiry of the lease.
(4) An application
under subsection (3) must be accompanied by any other information that
the Minister may require.
(5) If an application
for the renewal of a mining lease is not decided before the date on which the
lease is due to expire, the lease continues in operation until the application
is decided and, if the lease is renewed, the renewal dates from the date on
which the lease would, but for this subsection, have expired.
(6) If the Minister
decides to grant a renewal, the mining lease will be renewed for a term
determined by the Minister and specified in the lease.