Podcast
Questions and Answers
What is the term of the lease that may be granted covering the area explored and drilled?
What is the term of the lease that may be granted covering the area explored and drilled?
- 15 years
- 5 years (correct)
- 20 years
- 10 years
What is the maximum surcharge allowed on the total expenses incurred by the Bureau of Mines?
What is the maximum surcharge allowed on the total expenses incurred by the Bureau of Mines?
- 12% (correct)
- 15%
- 10%
- 8%
What does the declaration of location contain a proviso for?
What does the declaration of location contain a proviso for?
- Prohibiting exploration work within the area
- Requiring the mining claims to be recorded with the Bureau of Mines
- Recognizing the authority of the Director or their representative to enter the mining claims (correct)
- Granting exclusive rights to the mining claims
What does a land grant to provinces, districts or municipalities not include?
What does a land grant to provinces, districts or municipalities not include?
What is required for the transfer, assignment or sublease of a mining lease contract or any interest therein?
What is required for the transfer, assignment or sublease of a mining lease contract or any interest therein?
What must the transfer or assignment of a mining lease contract be registered with?
What must the transfer or assignment of a mining lease contract be registered with?
Who is responsible for marking the corners of mining claims with permanent monuments?
Who is responsible for marking the corners of mining claims with permanent monuments?
What is the time period for a geodetic engineer to submit the survey returns to the Director?
What is the time period for a geodetic engineer to submit the survey returns to the Director?
What is a valid reason for extending the time period for submitting survey returns?
What is a valid reason for extending the time period for submitting survey returns?
What is the consequence of failing to submit the survey returns within the specified time period?
What is the consequence of failing to submit the survey returns within the specified time period?
Who is responsible for issuing rules and regulations governing the manner of execution and verification of mining claim surveys?
Who is responsible for issuing rules and regulations governing the manner of execution and verification of mining claim surveys?
Who is responsible for covering the expenses of the mining claim survey?
Who is responsible for covering the expenses of the mining claim survey?
What is the consequence of a claim owner failing to submit proof of compliance with annual work obligations for two consecutive years?
What is the consequence of a claim owner failing to submit proof of compliance with annual work obligations for two consecutive years?
When should the application for surveying a mining claim for lease purposes be filed?
When should the application for surveying a mining claim for lease purposes be filed?
Who is authorized to perform surveys of mining claims for lease, patent, or permit purposes?
Who is authorized to perform surveys of mining claims for lease, patent, or permit purposes?
What happens if an application for the survey of a mining claim for lease purposes is not filed within one year?
What happens if an application for the survey of a mining claim for lease purposes is not filed within one year?
What is required of geodetic engineers before they can perform surveys of mining claims for lease, patent, or permit purposes?
What is required of geodetic engineers before they can perform surveys of mining claims for lease, patent, or permit purposes?
Study Notes
- Mining leases granted for explored and drilled areas must include stipulations for payment terms, with a maximum surcharge of 12% on total expenses incurred by the Bureau of Mines.
- Declarations of location for mining claims must recognize the authority of the Director or representative to enter and conduct exploration work on privately located claims if deemed in the country's best interest.
- Mineral rights are not included in land grants for public purposes like road construction granted to provinces, districts, or municipalities.
- Approval from the Secretary is required for the transfer, assignment, or sublease of mining lease contracts or interests, ensuring the assignee is qualified and capable of continuing operations.
- The Director is empowered to issue rules and regulations for executing and verifying surveys of mining claims, with expenses to be covered by the applicant.
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Description
Test your knowledge on the compliance requirements for mining claim owners, including submitting proof of annual work obligations within a specified timeframe. Learn about the consequences of failing to comply with the regulations set by Chapter VII on Lease Survey of Mining Claims.
