(1)  The holder of a mineral tenement is to keep a record of the following:

(a) the quantity of minerals obtained during mining under the mineral tenement;

(b) the quantity of mineral products produced from the treatment of ores;

(c) the quantity of mineral products sold;

(d) the amount received from the sale of mineral products;

(e) any details, calculations or information used to determine yearly profits.

(2)  The holder of a mineral tenement is to retain a record kept under subregulation (1) in good condition for at least 7 years.

(3)  The Director may require the holder of a mineral tenement to supply –

(a) copies of all records kept under subregulation (1) ; and

(b) any other information necessary to enable the amount of royalty payable by that person to be assessed.

(4)  The Director, or any other person authorised in writing by the Director, may examine –

(a) the records kept under subregulation (1) ; and

(b) any information requested under subregulation (3)(b) .