Licence to have effect pending disposal of application for renewal

(1) Where an application under this Part for the renewal of a mineral right is not finally dealt with before the date on which the mineral right would, but for this sub-section, cease to have effect, the mineral right continues to have effect over the area of land over which renewal of the mineral right is sought until notice is given pursuant to section 50 of the refusal to renew or, as the case may be, of the renewal of the mineral right. 55 (2) The period for which a mineral right is renewed commences on and includes the date on which the mineral right would have ceased to have effect if an application for the renewal of the mineral right had not been made. (3) Sub-section (1), shall not have effect– (a) to prevent the cancellation under this Act of a mineral right; or (b) if an application for the renewal of a mineral right is withdrawn.