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ARTICLE 70

WITHIN THE LIMITS SET BY THE BUDGET OF THE COMMUNITY , THE COMMISSION MAY , ON SUCH CONDITIONS AS IT SHALL DETERMINE , GIVE FINANCIAL SUPPORT TO PROSPECTING PROGRAMMES IN THE TERRITORIES OF MEMBER STATES .

THE COMMISSION MAY MAKE RECOMMENDATIONS TO THE MEMBER STATES WITH A VIEW TO THE DEVELOPMENT OF PROSPECTING FOR AND EXPLOITATION OF MINERAL DEPOSITS .

THE MEMBER STATES SHALL SUBMIT ANNUALLY TO THE COMMISSION A REPORT ON THE DEVELOPMENT OF PROSPECTING AND PRODUCTION , ON PROBABLE RESERVES AND ON INVESTMENT IN MINING WHICH HAS BEEN MADE OR IS PLANNED IN THEIR TERRITORIES . THE REPORTS SHALL BE SUBMITTED TO THE COUNCIL , TOGETHER WITH AN OPINION FROM THE COMMISSION WHICH SHALL STATE IN PARTICULAR WHAT ACTION HAS BEEN TAKEN BY MEMBER STATES ON RECOMMENDATIONS MADE TO THEM UNDER THE PRECEDING PARAGRAPH .

IF , WHEN THE MATTER HAS BEEN SUBMITTED TO IT BY THE COMMISSION , THE COUNCIL FINDS BY A QUALIFIED MAJORITY THAT , ALTHOUGH THE PROSPECTS FOR EXTRACTION APPEAR ECONOMICALLY JUSTIFIED ON A LONG-TERM BASIS , PROSPECTING ACTIVITIES AND THE EXPANSION OF MINING OPERATIONS CONTINUE TO BE MARKEDLY INADEQUATE , THE MEMBER STATE CONCERNED SHALL , FOR AS LONG AS IT HAS FAILED TO REMEDY THIS SITUATION , BE DEEMED TO HAVE WAIVED , BOTH FOR ITSELF AND FOR ITS NATIONALS , THE RIGHT OF EQUAL ACCESS TO OTHER SOURCES OF SUPPLY WITHIN THE COMMUNITY .