2015 US Code
Title 30 - Mineral Lands and Mining (Sections 1 - 2006)
Chapter 26 - Deep Seabed Hard Mineral Resources (Sections 1401 - 1473)
Subchapter I - Regulation of Exploration and Commercial Recovery by United States Citizens (Sections 1411 - 1428)
Sec. 1418 - Diligence requirements
Publication Title | United States Code, 2012 Edition, Supplement 3, Title 30 - MINERAL LANDS AND MINING |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 30 - MINERAL LANDS AND MINING CHAPTER 26 - DEEP SEABED HARD MINERAL RESOURCES SUBCHAPTER I - REGULATION OF EXPLORATION AND COMMERCIAL RECOVERY BY UNITED STATES CITIZENS Sec. 1418 - Diligence requirements |
Contains | section 1418 |
Date | 2015 |
Laws In Effect As Of Date | January 3, 2016 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 96-283, title I, §108, June 28, 1980, 94 Stat. 567. |
Statutes at Large Reference | 94 Stat. 567 |
Public and Private Law | Public Law 96-283 |
Download PDF
The exploration plan or recovery plan and the terms, conditions, and restrictions of each license and permit issued under this subchapter shall be designed to assure diligent development. Each licensee shall pursue diligently the activities described in the exploration plan of the licensee, and each permittee shall pursue diligently the activities described in the recovery plan of the permittee.
(b) ExpendituresEach license shall require such periodic reasonable expenditures for exploration by the licensee as the Administrator shall establish, taking into account the size of the area of the deep seabed to which the exploration plan associated with the license applies and the amount of funds which is estimated by the Administrator to be required for commercial recovery of hard mineral resources to begin within the time limit established by the Administrator. Such required expenditures shall not be established at a level which would discourage exploration by persons with less costly technology than is prevalently in use.
(c) Commercial recoveryOnce commercial recovery is achieved, the Administrator shall, within reasonable limits and taking into consideration all relevant factors, require the permittee to maintain commercial recovery throughout the period of the permit; except that the Administrator shall for good cause shown, including force majeure, adverse economic conditions, or other circumstances beyond the control of the permittee, authorize the temporary suspension of commercial recovery activities. The duration of such a suspension shall not exceed one year at any one time, unless the Administrator determines that conditions justify an extension of the suspension.
(Pub. L. 96–283, title I, §108, June 28, 1980, 94 Stat. 567.)
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.