1 No_2248.docx - Article 55 Relinquishment of Areas Covered...

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Article 55 Relinquishment of Areas Covered by Quarry Exploration Authorization (1) The Authorization Holder may request, in writing, to relinquish some or all of its Mineral Rights. This request shall be addressed to the Ministry of Mines and shall include the Exploration Authorization registration number, the coordinates of the Perimeter being relinquished and the reasons for relinquishment. The relinquished Perimeter must be made up of whole quadrangles. (2) The Ministry of Mines shall review the relinquishment request, taking into consideration the requirements specified in Article 23 of the Minerals Law. Upon compliance of all the Authorization Holder’s financial, fiscal, environmental, legal and reporting obligations at the time of relinquishment, the Ministry of Mines shall notify the Authorization Holder of its acceptance of the relinquishment. Article 56 Renewal of Exploration Authorizations (1) Within thirty (30) business days before the expiration of an Exploration Authorization,
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