Mining Act Article 43

As a mineral right has one of the following situations, except those situations provided under Paragraph 1 of Article 46, the competent authority shall make extinction registration if:1. Mineral right is revoked or aborted by the competent authority in accordance with the provision of the Act.2. Mineral right holder voluntarily applies to abort the mineral right and the competent authority approves such application within the validity period of the mineral right.3. Mineral right holder fails to apply for renewal of the mineral right in accordance with the provision of this Act and the period of the mineral right also expires.4. Renewal application made by the mineral right holder in accordance with the provisions of this Act is dismissed by the competent authority or is voluntarily withdrawn and the period of mineral right also expires.The registration of mortgage extinction shall be made concurrently along with the registration of mining right extinction.