The mining industry is well regulated and has been for many years, with valuable minerals and metals underground that can be extracted. The procedure for acquiring the land and being able to mine is quite complex, and in Australia, it is the Department of Mines and Petroleum (DMP) who will deal with any proposals.
What is a Mining Tenement?
In short, a mining tenement is a claim, lease, or licence issued under by the DMP in accordance with the 1971 Mining Act. If you are interested in acquiring land for prospecting, Austwide provides mining tenement services, and with more than twenty years of experience in the industry, they are the ideal people to talk to. There are different types of mining tenements, such as a mineral claim, which gives you the right to prospect within the area for 12 months. The next step would be to apply for a mining lease, which must be obtained before producing any minerals, and this lease gives the holder exclusive rights to conduct mining operations and to sell the minerals in accordance with the conditions of the mining lease.
Mining Lease Types
There are two types of mining lease, the first is an Extractive Minerals Lease (EML), which covers most construction materials. The second is a mineral lease (ML) and this is for any other mineral extraction, excluding precious stones. Opal or diamond mining have their own separate licences, and there are companies that can assist with procurement on mining tenements for precious metals and stones.
The Application Process
Should a person wish to apply for a mining tenement, they are advised to seek professional assistance, and there are online companies that specialise in acquiring land, titles and leases. The right forms must be completed and there is a very strict protocol for payments and submissions, which must be adhered to. For something as critical as this, it makes sense to enlist the help of the experts, who deal with the DMP on a daily basis, and can ensure that your application will be administered in accordance with the regulations.
Mining companies are constantly on the lookout for available land that is suitable for mining exploration, and there are companies that can source available land and handle the acquisition process from start to finish. The services include negotiating with the current owner, and dealing with all government paperwork, right through to the granting of the title and mining exploration rights.
Due to regular changes in mining legislation, it is important to keep up to date with any reforms, as they might affect your title if not adhered to. Critical actions are sometimes required and if the title holder is unaware of the changes, they could be fined, or even lose the title, so it is essential to stay informed.
Mining is big business in Australia, and the protocol is complicated and detailed, which is why there are companies that handle all the paperwork, ensuring that the mining company are within the government requirements.