Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)SchedulesSchedule II : Transitional Arrangements8. Processing of unused Old order rights |
| (1) | Any unused old order right in force immediately before this Act took effect continues in force subject to the terms and conditions under which it was granted, acquired or issued or was deemed to have been granted or issued, for a period not exceeding one year from the date on which this Act took effect, or for the period for which it was granted, acquired or issued or was deemed to have been granted or issued, whichever period is the shortest. |
[Item 8(1) of Schedule II inserted by section 84 of the Mineral and Petroleum Resources Development Amendment Act, 2008]
| (2) | The holder of an unused old order right has the exclusive right to apply for a prospecting right or a mining right, as the case may be, in terms of this Act within the period referred to in subitem (1). |
| (3) | An unused old order right in respect of which an application has been lodged within the period referred to in subitem (1) remains valid until such time as the application for a prospecting right or mining right, as the case may be, is granted and dealt with in terms of this Act or is refused. |
| (4) | Subject to subitems (2) and (3), an unused old order right ceases to exist upon the expiry of the period contemplated in subitem (1). |