I propose to take Questions Nos. 65 and 68 together.
A prospecting licence for the area concerned was issued for a term of two years from 1 April 1996. An extension of two years was also granted from 1 April 1998. The licence expired on 31 March 2000 and the licensee does not now propose to seek a further renewal. I understand that the deposit is not regarded as a viable mining project for the licensee.
The next prospecting licence competition, which will be held on 1 August 2000, will test whether there are other companies interested in seeking a prospecting licence to assess the viability of the deposit in the area. I take the point about the benefits of job creation and downstream economic activity being located in a mine area. Generally speaking, this is a feature of successful mining operations.
I am well aware of the regional importance of an industry such as mining as a source of employment, albeit that it is a capital intensive industry, and would welcome any soundly based, environmentally friendly and viable proposals for a mining lease in the Glangevlin area. As a matter of policy an application for a mining permit in any area is only accepted from the holder in good standing of a prospecting licence for that area. This ensures that the applicant can inform himself of the nature and layout of the mineral body. I should add that the fact that the last licensee has surrendered the licence does not mean there is no prospect of a worthwhile discovery in the area.
I will let the Deputy know if I grant another prospecting licence for the area concerned following the next competition.