317D

What is a new prescribed mineral mining lease

Current

A prescribed mineral mining lease under section 317C(1)(b) is a new prescribed mineral mining lease for the period that—

(a)

starts when the mining lease becomes a prescribed mineral mining lease under section 317C(2); and

(b)

ends when—

(i)

an initial development plan for the lease is approved; or

(ii)

if a decision to refuse to approve a proposed initial development plan for the lease is made at least 6 months after the time mentioned in paragraph (a)—the decision takes effect under section 317V.

Note—

See also section 317H(2) for the holder’s right to lodge another proposed initial development plan for a new prescribed mineral mining lease if an earlier proposed plan is refused within 6 months after the time mentioned in paragraph (a).

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