Minerals Development Act, 1940

Form and contents of licences in respect of State acquired minerals.

24.—(1) The following provisions shall apply and have effect in relation to every State acquired minerals licence and every mining facilities licence, that is to say:—

(a) such licence shall be granted upon such terms and conditions as the Minister thinks proper and specifies in such licence, and different terms and conditions may be so specified in respect of State acquired minerals licences and in respect of mining facilities licences;

(b) on the granting, of such licence, the licensee shall pay to the Minister such consideration therefor as the Minister, with the concurrence of the Minister for Finance, may determine.

(2) Every State acquired minerals licence shall be expressed and shall operate to confer on the licensee for such period as may be specified in the licence, a right to do whichever of the following things is specified in the licence, that is to say:—

(a) to work the minerals specified in the licence;

(b) to exercise the exclusive mining right specified in the licence and by virtue of that right to work the minerals similarly specified.

(3) Where a mining facilities licence (in this sub-section referred to as the subsidiary licence) is granted as a subsidiary licence to the licensee under a State acquired minerals licence (in this sub-section referred to as the principal licence), the subsidiary licence shall be expressed and shall operate to confer on such licensee, for such period as is specified in the subsidiary licence, a right to do whichever of the following things is specified in the subsidiary licence, that is to say:—

(a) to use, for the purpose of working the minerals or exercising the exclusive mining right (as the case may be) to which the principal licence relates and in accordance with the relevant mining facilities acquisition order, such land as is specified in the subsidiary licence;

(b) to exercise, for the purpose aforesaid and in accordance with the said order, such ancillary right or all or any particular such ancillary rights as is or are specified in the subsidiary licence.