196Use of security deposit

196 Use of security deposit

(1)  The Minister may use any amount of a security deposit provided by a licensee or lessee for the following purposes:

(a) to remedy any damage to private property if the licensee or lessee fails to pay compensation under Part 8 ;

(ab) [Section 196 Subsection (1) amended by No. 24 of 2013, s. 129, Applied:28 Jun 2013] to provide for the costs of depositing with the Director any drill core or cutting that has not been deposited with the Director as required by or under this Act;

(ac) [Section 196 Subsection (1) amended by No. 24 of 2013, s. 129, Applied:28 Jun 2013] to make safe any safety hazard caused by mining operations or exploration under a licence or lease held by the licensee or lessee;

(b) [Section 196 Subsection (1) amended by No. 24 of 2013, s. 129, Applied:28 Jun 2013] to mitigate any damage to the environment caused by mining operations or exploration under a licence or lease held by the licensee or lessee.

(2)  The Minister may draw any amount of security deposit provided by a licensee if the licensee fails to carry out a work program in respect of the licence.