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Analysis of the New Draft Law on Mining Activities Approved by the Romanian Government

The Romanian Government has recently approved a draft law on mining activities that is intended to replace the existing law, enacted in 2003. The new law gives titleholders of mining licenses enhanced rights of access to the land necessary for the mining operations.

 

What is New and Important Regarding the Draft Law?

-Land access rights

-Transfer of rights and obligations deriving from the mining license

-Obligation of the titleholder to incorporate a Romanian subsidiary after being awarded the mining license

-Elimination of the approval of the production mining licenses by Government Decision

-Mining royalties and special taxes on prospecting, exploration and production of mineral resources

 

To read more on the Draft Law Click Here: http://www.worldservicesgroup.com/publications.asp?action=article&artid=8937 


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