Tenement types

Tenement type rules

Per-jurisdiction tenement types with term, renewal, expenditure, reporting and rent rules.6 types

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PNG(6)
  • LMP

    Lease for Mining Purposes

    Ancillaryarea: hectares
    Term:
    Tied to the term of the mining lease it services.
    Renewal:
    Renews with the underlying mining lease.
    Expenditure:
    N/A — ancillary infrastructure lease.
    Reporting:
    Annual report.
    Rent basis:
    Annual.

    source: Mining Act 1992 (PNG)

  • ME

    Mining Easement

    Ancillaryarea: hectares
    Term:
    Tied to the mining operation it services.
    Renewal:
    As for the underlying tenure.
    Expenditure:
    N/A.
    Reporting:
    As required.
    Rent basis:
    Nominal/annual.

    source: Mining Act 1992 (PNG)

  • EL

    Exploration Licence

    Explorationarea: graticular_block (2000 ha)
    Term:
    Initial term with renewal periods per the Mining Act.
    Renewal:
    Renewal application with a reduced-area condition, similar to the Australian model.
    Expenditure:
    Minimum expenditure commitment per licence.
    Reporting:
    Annual report to the MRA.
    Rent basis:
    Annual, per block.

    source: Mining Act 1992 (PNG)

  • AML

    Alluvial Mining Lease

    Productionarea: hectares
    Term:
    Set at grant.
    Renewal:
    Renewable.
    Expenditure:
    Small-scale alluvial production conditions.
    Reporting:
    Annual report.
    Rent basis:
    Annual.

    source: Mining Act 1992 (PNG)

  • ML

    Mining Lease

    Productionarea: hectares
    Term:
    Set at grant, typically a fixed term of years.
    Renewal:
    Renewable subject to conditions.
    Expenditure:
    Production/development conditions attach at grant.
    Reporting:
    Annual report to the MRA.
    Rent basis:
    Annual, plus royalty.

    source: Mining Act 1992 (PNG)

  • SML

    Special Mining Lease

    Productionarea: hectares
    Term:
    Large-scale project tenure, term set by the granting instrument (often a project-specific Act).
    Renewal:
    Project-specific.
    Expenditure:
    Major-project development conditions.
    Reporting:
    Annual report; typically heavier ministerial oversight than a standard ML.
    Rent basis:
    Annual, plus royalty and often a project-specific benefit-sharing arrangement.

    source: Mining Act 1992 (PNG)