Mineral dealer’s licence

(1) Subject to the regulations, the Inspector may, on the prescribed fee being paid, issue to any person a mineral dealer’s (2) Subject to sub-section (3), a mineral dealer’s licence authorises the holder to buy such reserved minerals as are identified in the licence. (3) The holder of a mineral dealer’s licence shall not buy any reserved minerals from any person unless that person is entitled, under this Part, to possess those reserved minerals. 89 (4) The holder of a mineral dealer’s licence shall keep such records in such form containing such particulars as may be prescribed, provided that the holder of such licence– (a) keeps a register showing, (i) all purchases and sales of minerals made; (ii) the nature and weight of such (iii) the date of each transaction; (iv) the name and address of the vendor, and his title to such minerals; or (v) the name of the purchaser or consignee to whom such minerals are sold or consigned; (b) causes every such transaction to be entered in the register within twenty-four hours; (c) produces on demand such register to the Inspector or any officer authorised by him for inspection; or (d) renders to the Inspector such returns as he may (5) The regulations may provide for the term, renewal and cancellation of reserved minerals licences.