24.3 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

Canada Nickel reveals initial resource estimate for Deloro project, underscoring Timmins District prospects

Canada Nickel has announced the initial mineral resource estimate for its Deloro nickel sulphide project, located in Ontario's Timmins-Cochrane mining camp. This estimate marks...

Resouro Strategic Metals unveils extensive resource estimate for Tiros titanium and rare earths project

Resouro Strategic Metals, a recent entrant into Brazil’s rare earths sector, has unveiled a significant resource estimate for its Tiros project located in Minas...

NMMC targets $1 billion investment in 2024 to expand gold production capacity

Navoi Mining and Metallurgical Combine (NMMC), the world’s fourth-largest gold producer and Central Asia’s largest gold miner, has announced an ambitious investment program for...

U.S. and Kazakhstan strengthen energy partnership at 2024 Strategic Dialogue in Astana

On July 18, 2024, the U.S. Department of State and the Department of Energy, in partnership with Kazakhstan’s Ministry of Foreign Affairs and Ministry...
Supported by
Supported by
Supported by
error: Content is protected !!