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Posted On: 06/17/2018 12:01:07 PM
Post# of 9903
Food for thought! Mining concessions conclude in the following scenarios:
1) Elapsing of the mining concession term;
2) Relinquishment of the mining concession requested by the titleholder;
3) Substitution of the title derived from the issuance of new mining titles derived from reduction, division, identification or unification of surface covered by mining concessions.
4) Cancelation determined by the mining authority if the concessionary: (i) exploits minerals or substances not authorized by the mining law; (ii) fails to execute and verify the works foreseen in the mining law; (iii) fails to pay the corresponding governmental mining duties; (iv) fails to pay the discovery premium or economic consideration, and fails to render the six-monthly reports to the Mexican Geological Service for concessions granted by public bid; (v) does not meet the technical conditions for exploration and exploitation works of coal in oil grounds; (vi) carries out exploration or exploitation activities without having the corresponding authorizations from other governmental authorities; (v) gathers mining concessions that includes non-adjacent mining lots for verification purposes that do not
https://www.globalaw.net/wp-content/uploads/2...pdf#page68
1) Elapsing of the mining concession term;
2) Relinquishment of the mining concession requested by the titleholder;
3) Substitution of the title derived from the issuance of new mining titles derived from reduction, division, identification or unification of surface covered by mining concessions.
4) Cancelation determined by the mining authority if the concessionary: (i) exploits minerals or substances not authorized by the mining law; (ii) fails to execute and verify the works foreseen in the mining law; (iii) fails to pay the corresponding governmental mining duties; (iv) fails to pay the discovery premium or economic consideration, and fails to render the six-monthly reports to the Mexican Geological Service for concessions granted by public bid; (v) does not meet the technical conditions for exploration and exploitation works of coal in oil grounds; (vi) carries out exploration or exploitation activities without having the corresponding authorizations from other governmental authorities; (v) gathers mining concessions that includes non-adjacent mining lots for verification purposes that do not
https://www.globalaw.net/wp-content/uploads/2...pdf#page68
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