A Mining Title or Authorisation expires at the end of the period for which it was granted,(including subsequent renewals thereof) by relinquishment or by revocation. At the end of the term of a Mining Title or Authorisation, the rights conferred on its holder revert to the State free of charge.
Rights granted by the holder to third parties over substances and within the zone covered by the title, automatically lapse at the end of the term of such title.
However, the holder of a Mining Title or Mining operation permit for Quarry Substances remains liable for the payment of outstanding duties and taxes and for the obligations incumbent upon it with respect to the environment and rehabilitation of the developed sites, as well as for all the other obligations contemplated under this Code, its implementing regulations and in the terms of reference or the Mining Agreement.
Furthermore, the titleholder shall provide the Mining Administration of a detailed report on the work carried out in five (5) copies. All information provided shall become the property of the State.