Possession, etc., of reserved minerals

(1) Subject to this section, no person– (a) shall possess any reserved minerals– (i) unless they were obtained by him pursuant to the exercise of rights under a mineral right, a non-exclusive prospecting licence, or a claim of which he is the holder; or (ii) unless he is the holder of a mineral dealer’s licence authorising him to buy the concerned, or an employee of any such holder duly authorised and acting as such; or (b) shall in Belize, buy any reserved minerals unless he is the holder of a reserved minerals licence authorising him to buy the minerals. (2) Nothing in sub-section (1) operates to prevent a bona fide museum, educational or scientific establishment from possessing or purchasing reasonable amounts of reserved minerals for the purpose of display, teaching or scientific study. (3) This section is subject to such exceptions as may be prescribed.