§ 1420. — Conservation of natural resources.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 30USC1420]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 26--DEEP SEABED HARD MINERAL RESOURCES
SUBCHAPTER I--REGULATION OF EXPLORATION AND COMMERCIAL RECOVERY BY
UNITED STATES CITIZENS
Sec. 1420. Conservation of natural resources
For the purpose of conservation of natural resources, each license
and permit issued under this subchapter shall contain, as needed, terms,
conditions, and restrictions which have due regard for the prevention of
waste and the future opportunity for the commercial recovery of the
unrecovered balance of the hard mineral resources in the area to which
the license or permit applies. In establishing these terms, conditions,
and restrictions, the Administrator shall consider the state of the
technology, the processing system utilized and the value and potential
use of any waste, the environmental effects of the exploration or
commercial recovery activities, economic and resource data, and the
national need for hard mineral resources. As used in this chapter, the
term ``conservation of natural resources'' is not intended to grant,
imply, or create any inference of production controls or price
regulation, in particular those which would affect the volume of
production, prices, profits, markets, or the decision of which minerals
or metals are to be recovered, except as such effects may be incidental
to actions taken pursuant to this section.
(Pub. L. 96-283, title I, Sec. 110, June 28, 1980, 94 Stat. 570.)
Section Referred to in Other Sections
This section is referred to in section 1468 of this title.
