business.gov.au

Retention Licence - Western Australia

Description

You will need this licence if you hold certain types of mining tenements, and you intend to postpone the development of mineral resources located within the area covered by your mining tenement.

The types of mining tenements can have a retention licence over them are:

  • prospecting licences and exploration licences (applied for prior to 10 February 2006)
  • mining leases.

Retention licences are a holding title for a mineral resource which has been identified but, cannot be mined or explored until a later date. As such, this licence will allow you more time in which to plan to develop the resource, and to obtain financing.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this licence you will need to:

  • hold one or a combination of an exploration licence, prospecting licence (if either licence was applied for prior to 10 February 2006) and / or a mining lease
  • identify a mineral resource in the area you seek to be covered by this licence
  • demonstrate that mining the mineral resource is impracticable for one or more reasons listed below.

Impracticable reasons:

  • the identified mineral resource is uneconomic or subject to marketing problems, although that resource may be reasonably expected to become economic or marketable in future
  • the identified mineral resource is required to sustain future operations of an existing or proposed mining operation
  • there are existing political, environmental or other difficulties in obtaining requisite approvals.

Ongoing eligibility requirements

You may need to satisfy the minimum annual expenditure requirements for the blocks under your licence, but you will need to submit all necessary reports.

Duration

Up to five years, but can be renewed for further period(s).

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
General Application All

Fee information is in the attached fee resource.

Act(s) name

Mining Act 1978 Western Australia

Regulation(s) name

Mining Regulations 1981 Western Australia

Administering agency

Department of Energy, Mines, Industry Regulation and Safety

Minerals and Mining

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.