Section 157: Relinquishment of part of Mineral title.

(1) The holder of a Mineral title may at any time during the period of the validity of such Mineral title, upon application to the Mining Cadastre Office in the prescribed form and manner and upon meeting prescribed conditions, relinquish the area or part of area covered by the mineral title, provided, the geometry and dimensions of each surrendered area shall satisfy the prescriptions of this Act and its regulations.
(2) upon relinquishment of the area or part of the area covered by the mineral title in accordance with the provisions of sub section (1) of this section, the fees payable on the basis of the area covered by the mineral title shall be adjusted proportionally taking into account the area relinquished.
(3) The relinquishment of the area or part of the area covered by the mineral title shall not affect the duration of the mineral title.
(4) The relinquishment of the area or part of the area shall not affect any liability incurred by the Mineral title Holder in respect of the area relinquished prior to the relinquishment, including environmental obligations.