The Board of Minerals and Environment shall renew an exploration operation permit if the application complies with the requirements of this chapter. The board may not deny a permit renewal except for one or more of the following reasons: (1) The renewal application is incomplete or the surety has not been posted; (2) The operator has not paid the required renewal fee; (3) The operator has not complied with the terms and conditions of the original exploration operation permit; (4) The operator has failed to provide the reports required by §