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MINERAL DEVELOPMENT ACT (NORTHERN IRELAND) 1969 - SECT 17

Mining leases.

17.(1) Subject to the succeeding provisions of this section, the Ministry may
make a lease (in this Act referred to as a "mining lease") of any rights to or
in relation to mines and minerals of any description which are vested in
the Ministry.

(2) A mining lease may contain a clause providing for the renewal or
successive renewals thereof, either unconditionally or subject to such
conditions as may be stated in the lease.

(3) In exercising the powers conferred on it by this section and in particular
in fixing the payments to be made by the lessee under a mining lease and
determining what covenants or conditions should be contained in the lease
the Ministry may take into consideration the general advantages that are
likely to accrue to Northern Ireland from the development of the mines and
minerals demised by the mining lease.

(4) Where the payments to be made by the lessee under a mining lease are
proposed to be fixed at a reduced amount in consideration of any advantages
such as are mentioned in subsection (3), the Ministry shall not grant the
lease otherwise than with the approval of the Ministry of Finance, and if the
payments are so fixed that fact shall be stated in the lease.

© 1969 Crown Copyright

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