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Retention of exploration rights - a life-saving clause that 90% of mine owners are unaware of
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Article author：Yingting Lawyers Group | Update time：1970-01-01 | Reading times：115
【Lawyer's Note】The exploration rights retention system is an important system established by the Mineral Resources Law to protect the legitimate rights and interests of exploration rights holders, and 90% of mining companies do not know enough about it.
What is a prospecting rights reservation?
The simple understanding is: you have found a mine, but for some reason you cannot mine it for the time being. The law allows you to pause this period of time and continue when conditions are mature.
Legal situation: For the public interest, or due to special circumstances such as force majeure, mining conditions are no longer met.
retention period
The retention period of exploration rights is generally 2 years, and you can apply for renewal after expiration.
Yingting lawyer reminds
Advance planning, sufficient materials, and professional support. The mining lawyer team of Beijing Yingting Law Firm is at your service at any time.
Previous article：If no mineral is found after 5 years of exploration, will the exploration rights be invalidated? New regulations give you a chance to renew your life
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