15.6 C
Belgrade
Supported byspot_img
spot_img

New Serbia mining law 2016 to simplify permits and licenses

Member of Europium Groupspot_img
Supported byspot_img

With new mining law exploration fee for oil drilling will remain at its unusual low level of 7%, compared with world practice of 20-30%. The new mining law will simplify the procedures for obtaining permits and licenses.

The new mining and geology research will simplify procedures for research and exploration of mine projects will be adopted by end of 2015 stated Mirjana Filipovic state secretary in Ministry of mining and energy.

Remains unclear will the exploration fee will be increased or remain at the same low level. However Filipovic stated that ministry is planning to revise the mining fees in the new law.

Supported by

The purpose of the new mining law is ease the access for new investors in mining sector with new procedures for all permits and licenses with maximum time frame of 12 months but also introduced the fees payment per rates

Supported byElevatePR Digital

Related News

EU-Canada alliance in Critical Raw Materials, innovation, and sustainability at PDAC 2024

The EU delegation will be led by the top EU official Mrs Kerstin Jorna, the European Commission's Director General for Internal Market, Industry, Entrepreneurship and...

Tara Resources disputes a governmental ruling in Montenegro, putting forth arguments supported by evidence

The arguments proposed by the working group for terminating the concession agreement that the state has with the company Brskovo Mine are factually inaccurate, do not...

Teako Minerals announces strategic pivot with Norway as key focus

TEAKO MINERALS CORP. (the "Company" or "Teako") announces that following a recent Norwegian parliament meeting and the various developments in mineral exploration in Fennoscandia...

Raiden Resources advances exploration projects in Pilbara, Australia, and Bulgaria

Raiden Resources Limited has made significant strides in its exploration projects, both in Pilbara, Australia, and Bulgaria, heralding a potentially fruitful future in mineral...
Supported by
Supported by
Supported by
error: Content is protected !!