(1) Where a mining
lease is surrendered or forfeited, or expires, the land the subject of the
lease or any part of that land shall not be marked out or applied for as a
prospecting licence or an exploration licence by or on behalf of —
(a) the
person who was the holder of the mining lease immediately prior to the date of
the surrender, forfeiture or expiry; or
(b) any
person who had an interest in the mining lease immediately prior to that date;
or
(c) any
person who is related to a person referred to in paragraph (a) or (b),
within a period of 3
months from and including that date.
(2) For the purposes
of subsection (1) the holding of shares in a listed public company which held
the mining lease in question does not of itself constitute an interest in the
mining lease.
[Section 85A inserted: No. 37 of 1993 s. 12(1);
amended: No. 15 of 2002 s. 16.]