228Acceptance of grant of mining licence over tender blocks

228 Acceptance of grant of mining licence over tender blocks

228 Acceptance of grant of mining licence over tender blocks

The provisional grant of a mining licence is properly accepted by the provisional holder if, within 30 days after the day on which the provisional holder is given notice under section 227, the provisional holder:

(a) gives the Minister a written acceptance of the grant, and

(b) lodges any security required under section 399, and

(c) pays the fee that must be paid for the licence under section 425, and

(d) if the tender is determined on the basis of the amounts of money offered for the licence, pays to the Minister the amount that the provisional holder offered for the licence under section 221 (1) (d).

Note—

Under section 232, the grant of the licence cannot be effective before it is registered (see section 333 for registration).