These two laws include mineral rights and commercial law relating to the minerals industry. The Government has granted a new mining code. It includes tax breaks for investors during prospecting, longer permit periods and greater land areas. Mining support services such as laboratories also benefit from new tax breaks. Permit holders will be exempt from value-added tax, business and industrial taxes, and registration, licensing and patent fees.
Mineral resources are the property of the state.
Depends on deposit size. Depends on deposit size. 20 years renewals 5 years until depletion of ore. Submit program and budget to Minister,granted by decree by Minister of Energy and Mines Submit feasibility study. Granted by presidential decree Submit feasibility study.