M-13 - Mining Act

Section 152 Disposition versions

1977-12-31

152. If, for reasons deemed sufficient by the Minister, the licensee has not done the necessary work during any year, he may retain his licence on paying to the Minister, before the end of the year, in addition to the rental for the following year, an amount equal to the unexpended sum.

However, a licensee who has not done the required work during the first year may, during the second year, do the required work for both years for an additional rental of $0.15 per hectare.

In the latter case, he must deposit with the Minister an amount equal to the cost of the required work not done for those two years. Such amount shall be refunded to him at the end of the second year if the required work has been done to the satisfaction of the Minister.

1965 (1st sess.), c. 34, s. 151; 1970, c. 27, s. 32; 1977, c. 60, s. 93.