A Mining Tenement System is the means by which Mining Leases are allocated to Mining Licensees. Mining Leases provide exclusive rights to explore and extract minerals, subject to any restrictions imposed by the Mining Tenement System. There are two types of Mining Tenements: Crown Allocation and Freehold Mining Tenements (a mining licensee can only hold one of these at a time).
The following is an introduction to what a Freehold Mining Tenement entails:
Freehold tenements grant mining licensees exclusive rights over their land for 50 years, after which they revert back to public ownership. These licenses also come with some additional conditions such as environmental management agreements or rehabilitation bonds that must be met before extraction can take place.
Mining licensees can also apply for a Mining License Agreement which allows them to negotiate the conditions of their Mining Licence.
Crown Allocation tenements (also known as Prospecting Permits) are granted by Mineral Resources Tasmania and allow holders exclusive rights over land, but only for one year at a time.
Mineral Resources Tasmania holds Crown Allocation Tenement Mapbooks that contain all current applications with descriptions of where they would like to explore. These maps show you where miners will be looking in your area; if they’re not allowed there then it’s best not to do any exploration yourself.
Mining licensees can also transfer or sell their permits through brokers who advertise on this website—giving you access to Mining Tenements, Mining licenses, and Mining Claims.
What else should I know?
Mining Tenement System is a process by which the government of Tasmania and allows holders exclusive rights over land, but only for one year at a time. Mineral Resources Tasmania holds Crown Allocation Tenement Mapbooks that contain all current applications with descriptions of where they would like to explore.
These maps show you where miners will be looking in your area; if they’re not allowed there then it’s best not to do any exploration yourself. Mining licensees can also transfer or sell their permits through brokers who advertise on this website—giving you access to Mining Tenements, Mining licenses, and Mining Claims.
If you are interested in exploring potential mining opportunities, it’s important to get familiar with what these tenements entail. Mining tenements are granted by the government and give mining licensees certain rights.
These can include:
- Mining licenses or claims that allow miners to explore a specific area for minerals such as gold, silver, copper, etc. These usually expire after six months if not renewed. Mining leases last much longer—upwards of 30 years. Mining leases can be renewed and vary greatly in price.
- Mining tenements or Mining permits allow for the removal of minerals such as gold, silver, copper, etc. from a specific area by miners with Mining licenses to do so legally.
These types of tenements give licensees rights to “subsurface” mineral resources within the permit boundary. Mining permits usually have a much longer duration than licenses, are not renewable, and tend to be more expensive to acquire.
The Mining Tenement System in Australia is one that strives for balance between the rights of miners and landholders.
For more information please check more online.