Regulation 168(1)  The Minister on the  recommendation of the  Commission may suspend  or terminate  a prospecting  licence  at any time  during the term of the licence if(a) the holder fails to pay the fees specified in the Second Schedule on the due date;(b) the holder's   actual  expenditure   on prospecting   is not  in accordance with the proposed expenditure in the work programme, and the minimum expenditure requirement specified in regulation  4(2);(c)  the holder is insolvent or bankrupt,  enters into an agreement or scheme  of composition with  the  holder's  creditors,  or takes advantage  of an enactment  for the benefit of its debtors or goes into liquidation,  except  as part  of a scheme for an arrangement or amalgamation;(d) the holder  makes  a statement  or gives information  in connection  with the mineral  right which  the holder knows or ought to know to be materially  false;(e)  the holder fails to conduct prospecting operations in accordance with  the approved  work  programme;(f)  the holder  fails to submit reports  on the prospecting  operations  for more  than  ninety  days; or(g) the holder  becomes  ineligible  to apply  for a mineral  right under  these Regulations.(2)  Before  the  suspension or termination of a prospecting licence  under  this regulation, the  Commission   shall,  on behalf  of the Minister  give notice  to the holder  in writing,  as set out in Form  Forty­ Two of the First  Schedule  stating  the breach  which  is the ground  for the  suspension  or termination,  and the holder shall  remedy the breach within  sixty days.(3) Where the holder cannot remedy the breach or show cause to the reasonable satisfaction of the Minister  why the licence should not be suspended  or terminated,   the Minister  shall  suspend  or terminate   the licence.(4) Within  thirty days after receipt of a response from the holder under subregulation (2), the Commission shall consider the response and make the appropriate  recommendation    on the  suspension  or termination of the licence to the Minister.(5) The Commission shall recommend  the suspension  or termination  of the licence where:(a) the response provided by the holder under subregulation  (2) is considered  invalid;(b) the holder fails to remedy  the breach  to the satisfaction  of the  Commission;  or(c)  the holder fails to respond  to the notice within  sixty days.

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