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Leases and licences.
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17.—(1) Subject to section 18 the Minister may grant to any person a licence to work any State minerals, without prejudice to his power to grant a lease in respect of such minerals under Part IV of the Act of 1940.
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(2) The references in Part IV of the Act of 1940 to a demise of minerals shall be construed as including the grant of a right to work minerals.
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(3) The following provisions of the Act of 1940 shall apply to a licence under subsection (1)—
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(a) the provisions of Part III relating to a State acquired minerals licence;
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(b) section 26 (which refers to the grant of a State mining lease).
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(4) A reference in section 13 of the Act of 1940 (which empowers the Minister to enter into an undertaking to grant a State mining lease) to a State mining lease shall be construed as including reference to a licence under subsection (1).
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(5) The conditions attaching to a lease or licence may, with the concurrence of the Minister for Finance, include a condition giving the Minister the right to take a participating interest in the working of the minerals.
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