Malaysia legislation
Section 55
Section 55
(1)
If an application for renewal of a prospecting licence or exploration licence is made to the Minister -
(a)
within the period mentioned in section 43(2); and
(b)
the term of the prospecting licence or exploration licence would, but for this subsection, expire, the prospecting licence or exploration licence shall continue to remain in force until the application is determined but shall be deemed to have expired on the date on which the said application is refused.
(2)
If an application for a prospecting licence with hard rock extension, or mining lease, or proprietary mining licence, is made by the holder of a prospecting licence or exploration licence –
(a)
while the prospecting licence or exploration licence continues in force;
and
(b)
the terms of the prospecting licence or exploration licence would, but for this subsection, expire, the prospecting licence or exploration licence shall continue to remain in force in respect of the land which is the subject of the application until the application is determined, and the land which is not the subject of such application shall be deemed to have been relinquished.
Revocation of prospecting licence or exploration licence.