sec.12Variation of conditions for particular NSI mining leases

sec.12 Variation of conditions for particular NSI mining leases

On the commencement, the conditions of each mining lease mentioned in schedule 2 , column 1 are varied as follows— the term of the mining lease is varied to be the term stated opposite the mining lease in schedule 2 , column 2; from the day the mining lease would have expired apart from this section, the conditions of the mining lease are varied to include each condition stated opposite the mining lease in schedule 2 , column 3. The variations of the conditions of the mining leases have effect as if they were made by the Governor in Council under the Mineral Resources Act , section 294 . If there is an inconsistency between a condition mentioned in subsection (1) (b) and a condition to which the mining lease was subject immediately before the variation of the term of the mining lease, the condition mentioned in subsection (1) (b) prevails to the extent of the inconsistency. A mining lease mentioned in schedule 2 , column 1 can not at any time be renewed after the end of the term stated opposite the mining lease in schedule 2 , column 2. The holder of a mining lease mentioned in schedule 2 , column 1 may not at any time apply for a renewal of the mining lease under the Mineral Resources Act after the commencement. This section does not limit the application of any provisions of the Mineral Resources Act to the mining lease as varied by this section including, for example, provisions about cancelling a mining lease or reducing its area. The variation of the conditions of each lease does not create any rights in addition to the rights created in the initial granting of the relevant lease. (sec.12-ssec.1) On the commencement, the conditions of each mining lease mentioned in schedule 2 , column 1 are varied as follows— the term of the mining lease is varied to be the term stated opposite the mining lease in schedule 2 , column 2; from the day the mining lease would have expired apart from this section, the conditions of the mining lease are varied to include each condition stated opposite the mining lease in schedule 2 , column 3. (sec.12-ssec.2) The variations of the conditions of the mining leases have effect as if they were made by the Governor in Council under the Mineral Resources Act , section 294 . (sec.12-ssec.3) If there is an inconsistency between a condition mentioned in subsection (1) (b) and a condition to which the mining lease was subject immediately before the variation of the term of the mining lease, the condition mentioned in subsection (1) (b) prevails to the extent of the inconsistency. (sec.12-ssec.4) A mining lease mentioned in schedule 2 , column 1 can not at any time be renewed after the end of the term stated opposite the mining lease in schedule 2 , column 2. (sec.12-ssec.5) The holder of a mining lease mentioned in schedule 2 , column 1 may not at any time apply for a renewal of the mining lease under the Mineral Resources Act after the commencement. (sec.12-ssec.6) This section does not limit the application of any provisions of the Mineral Resources Act to the mining lease as varied by this section including, for example, provisions about cancelling a mining lease or reducing its area. (sec.12-ssec.7) The variation of the conditions of each lease does not create any rights in addition to the rights created in the initial granting of the relevant lease.