sec.100Voluntary surrender of sub-blocks if up to 3 discrete areas remain

sec.100 Voluntary surrender of sub-blocks if up to 3 discrete areas remain

If— an exploration permit holder wants to surrender some of the sub-blocks covered by the tenure; and the sub-blocks remaining in the tenure area after the proposed surrender would form not more than 3 discrete areas; the holder may apply to the Minister for approval of the proposed surrender. The application— must be in writing; and must include a surrender proposal that identifies the sub-blocks in the tenure area that the holder proposes to surrender; and may include any other information that the holder considers relevant. If the Minister agrees with the surrender proposal, the Minister may approve the surrender of the sub-blocks specified in the proposal by giving the holder notice of the approval. The surrender takes effect when it is registered under section 337 (see section 337 (5) ). If the Minister does not agree with the surrender proposal, the Minister may ask the holder to discuss the proposal. If the Minister and the holder agree, after discussions, on the sub-blocks to be surrendered, the Minister may approve the surrender of the sub-blocks agreed on by giving the holder written confirmation of the agreement. The surrender takes effect when it is registered under section 337 (see section 337 (5) ). If, after discussions, the Minister and the holder do not agree on the surrender proposal, no sub-blocks are surrendered. (sec.100-ssec.1) If— an exploration permit holder wants to surrender some of the sub-blocks covered by the tenure; and the sub-blocks remaining in the tenure area after the proposed surrender would form not more than 3 discrete areas; the holder may apply to the Minister for approval of the proposed surrender. (sec.100-ssec.2) The application— must be in writing; and must include a surrender proposal that identifies the sub-blocks in the tenure area that the holder proposes to surrender; and may include any other information that the holder considers relevant. (sec.100-ssec.3) If the Minister agrees with the surrender proposal, the Minister may approve the surrender of the sub-blocks specified in the proposal by giving the holder notice of the approval. The surrender takes effect when it is registered under section 337 (see section 337 (5) ). (sec.100-ssec.4) If the Minister does not agree with the surrender proposal, the Minister may ask the holder to discuss the proposal. (sec.100-ssec.5) If the Minister and the holder agree, after discussions, on the sub-blocks to be surrendered, the Minister may approve the surrender of the sub-blocks agreed on by giving the holder written confirmation of the agreement. The surrender takes effect when it is registered under section 337 (see section 337 (5) ). (sec.100-ssec.6) If, after discussions, the Minister and the holder do not agree on the surrender proposal, no sub-blocks are surrendered.

• (a) an exploration permit holder wants to surrender some of the sub-blocks covered by the tenure; and