N.M. Admin. Code § 19.2.2.52

Current through Register Vol. 35, No. 23, December 10, 2024

Section 19.2.2.52 - SUSPENSION OF MINERAL LEASE

After notice and hearing, the commissioner shall suspend a mineral lease for a period not exceeding five years if the commissioner finds:

A. the lessee is not in default;

B. suspension of the lease will not affect compliance with safety, reclamation or environmental requirements;

C. the lessee submitted a written request for suspension to the commissioner prior to expiration of the lease;

D. the lessee submitted adequate evidence, as determined by the commissioner, to prove that the discovery on the premises of an ore body containing valuable mineral deposits in merchantable quality and quantity; and

E. temporary conditions beyond the lessee's control have precluded mining on the premises except at an economic loss or at an unreasonable threat to safety.

N.M. Admin. Code § 19.2.2.52

19.2.2.52 NMAC - N, 3/14/2001