Regulation 1 —Claims for compensation(1) A holder of a mineral right shall, within fourteen days after the grant of the mineral right, give notice to a person(a) who claims a right or an interest in land over which a mineral right has been granted under section 5(1) or 82(1) of the Act; or(b) whose right or interest in any land is affected in any manner by the grant of a mineral right.(2) The notice shall be posted in public places including markets, churches, mosques and schools in the affected community.(3) Within sixty days from the date of the notification to the affected person by the holder of the mineral right, the affected person may submit in writing a claim for compensation to the holder of the mineral right which shall include(a) particulars of the claim or interest in the land;(b) the manner in which the claim, right or interest has been affected or is likely to be affected by the operations or activities of the holder of the mineral right;(c) the extent of damage done, if any;(d) the type of compensation claimed, whether in cash or in kind, which includes replacement of property, provision of training, and the basis for computation of the amount of compensation claimed; and(e) particulars of other persons known to the claimant to have an interest in the land and details of that interest.(4) A claim for compensation under sub regulation (3) shall be copied to the Minister, the Commission and the Government Agency responsible for valuation of land.(5) Where a claim for compensation is not made within the stipulated time, the Minister shall authorise the Government Agency responsible for valuation of land to value the land affected.(6) A valuation done under sub regulation (5), shall be the basis for the payment of compensation to any person who makes a claim for compensation after the stipulated time.(7) The holder of the mineral right shall on receipt of the claim for compensation under sub regulation (3), negotiate with the claimant for the payment of fair and adequate compensation from the holder.(8) The holder of the mineral right is not liable to pay compensation to any person who undertakes speculative development on land subject to a mineral right after the cut-off date.