The term of an Industrial Exploration Permit may be renewed two (2) times for a maximum period of two (2) years each time, at the request of the holder and on the same conditions as those on which the Permit was granted.
The term of a Semi-industrial Exploration Permit may be renewed only once for a maximum period of one (1) year, at the request of the holder and on the same conditions as those on which the Permit was granted.
Each of these renewals occurs automatically if the holder has met all of the obligations contained in the granting order and in this Code and, if it so requests, in its application for renewal, a minimum work program adapted to the results of the preceding period and representing a financial outlay at least equal to that set out in the granting order.
Surrender applies to each Permit. The renewal application must include:
For the First renewal:
- copies of all quarterly reports, being twelve (12) reports for industrial permits and eight (8) reports for semi-industrial permits;
- all results of works and primarily geological, geophysical, geochemical and drilling results accompanied by corresponding maps;
- the proposed plan of surrender;
- documents certifying compliance with the obligations contained in the granting order;
- the work program with a budget for the subsequent period; and
- a detailed schedule of work to be completed.
For the second renewal:
- copies of the eight (8) quarterly reports;
- all work results and primarily geological, geophysical, geochemical and drilling results accompanied by corresponding maps;
- the proposed plan of surrender;
- documents certifying compliance with the obligations contained in the granting order;
- the work program with a budget for the subsequent period; and
- a detailed schedule of work to be completed.
At each renewal, the Permit area covered by the exploration is reduced by half of its previous size. The area reverting to the applicant must include in the regular area the known deposits for the substances set out in the Exploration Permit.
The area which is surrendered to the State must be available for subsequent development. The surface which is surrendered must, to the extent possible, form one or several compact blocks the sides of which are attached to a side of the area of the Mining Title.
The Technical Committee of Titles will evaluate the grant, renewal and revocation of Mining Titles.