sec.312Effect of termination of mining lease

### sec.312 Effect of termination of mining lease This section applies on the termination of a mining lease. However, this section does not apply to a mining lease if the termination is for granting a mining claim or a new mining lease over the area of the terminated lease to the holder of the terminated lease. The person who was the holder of the terminated mining lease immediately before its termination must immediately remove each post or other thing used to mark the land under this Act (other than a survey mark or anything else required under another Act not to be removed). On the termination of the mining lease, the ownership of all mineral and property on the land in the area of the terminated lease divests from the owner and vests in the State. However, subsection (4) applies to property only if it was brought on to the land under the terminated mining lease. s 312 sub 1995 No. 21 s 89 amd 1995 No. 50 s 3 sch ; 2012 No. 20 s 125 sch 1 (sec.312-ssec.1) This section applies on the termination of a mining lease. (sec.312-ssec.2) However, this section does not apply to a mining lease if the termination is for granting a mining claim or a new mining lease over the area of the terminated lease to the holder of the terminated lease. (sec.312-ssec.3) The person who was the holder of the terminated mining lease immediately before its termination must immediately remove each post or other thing used to mark the land under this Act (other than a survey mark or anything else required under another Act not to be removed). (sec.312-ssec.4) On the termination of the mining lease, the ownership of all mineral and property on the land in the area of the terminated lease divests from the owner and vests in the State. (sec.312-ssec.5) However, subsection (4) applies to property only if it was brought on to the land under the terminated mining lease.