(1) This section
applies in relation to any mineral tenement.
(2) The Minister may,
on application by a tenement holder or by agreement with a tenement holder,
amalgamate the areas of 2 or more mineral tenements (and 2 or more
tenement holders may make application under this section in relation to
2 or more mineral tenements).
(3) If an amalgamation
proceeds under this section—
(a) the
relevant mineral tenements are amalgamated into the 1 tenement (and if
more than 1 tenement holder has an interest in the amalgamated tenement,
their respective interests will be determined according to an agreement
between these parties); and
(b) the
terms and conditions of the tenement will be as determined by the Minister
after consultation with the tenement holder (or tenement holders); and
(c) the
term of the tenement will be as determined by the Minister after consultation
with the tenement holder (or tenement holders) and after taking into account
such other interests as may be relevant in the circumstances; and
(d) the
Minister may make such other determinations relating to any other matter
associated with the amalgamated tenement arising under this Act that are
considered to be necessary or appropriate by the Minister (and any such
determination will have effect according to its terms).