Mining law amended
30 Jun 2014
The amended law provides for new types of licenses. With the previous law, only a license of five or 30 years was allowed – nothing in-between. Five years was for artisanal or small-scale mining, while 30 years was for large scale. Now, however, the shortest license will be for five years and the longest for 25 years, and in-between, licenses of varying length may be granted, depending on the nature and size of the deposits, as well as the size of investment to be injected in a concession. This will be shown through a feasibility study conducted by the investor.
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Type:
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Entry and establishment (Approval and admission)
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Industry:
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Primary (Mining and quarrying)
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Sources:
