(1) The holder of a mineral title may apply to the Minister to accept the surrender of all or part of the title area and may specify in the application the day on which the title holder wishes the surrender to take effect.
(2) The holder of an EL may surrender part of the title area only if the surrender will leave no more than 3 separate areas of land in the title area, each comprising at least 4 adjoining blocks.
(3) If the holder of an ELR, ML, EMP or EML applies to surrender part of the title area, the title holder must:
(a) have surveyed the remaining title area as specified by regulation; and
(b) give the Minister a copy of the survey report with the application.
(4) The Minister may, by notice, accept the surrender of all or part of a title area after taking into account whether the applicant has complied with:
(a) the conditions of the mineral title for all of the title area; and
(b) if the mineral title is subject to the Mining Management Act – all of the provisions of that Act applicable to the title.
(5) The Minister may refuse to accept a surrender if the Minister considers it appropriate to do so.
Note for subsection (5)
One reason for a refusal may be because work for the rehabilitation of the title area to be surrendered has not been completed.