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Don’t know how to choose between renewal and retention of exploration rights? Don’t be confused after reading this article
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Article author：Yingting Lawyers Group | Update time：1970-01-01 | Reading times：142
【Lawyer's Note】The exploration right has expired. Should it be renewed or retained? The key to choice is: have you found the mine?
The difference between renewal and retention
Renew: To continue to extend the validity period of the exploration rights and continue to carry out exploration work, the exploration area needs to be reduced.
Reserve: Exploration rights are temporarily suspended, time limit calculation is suspended, and exploration activities are suspended.
How to choose?
- No mine found → can only be renewed
- Found a mine and can transfer mining rights → directly apply for transfer of mining rights
- The mine is found but cannot be mined temporarily → choose to keep
Yingting lawyer reminds
Planning ahead is key. It is recommended to consult a professional mining lawyer to make the best choice based on the specific situation.
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