Mining Act 1992

This section applies to a substance that, having been prescribed by the regulations as a mineral for the purposes of the definition of mineral in the Dictionary at the end of this Act, ceases to be so prescribed.

This Act continues to apply to a substance to which this section applies as if it were a mineral and any mining lease or mineral claim in respect of the substance continues in force, subject to this Act.

The holder of any such lease or claim remains bound by the conditions of the lease or claim (including conditions requiring payment of royalty) in accordance with this Act.

This section does not operate so as to allow the renewal or consolidation of a mining lease or mineral claim that relates only to a substance to which this section applies.