The Laws That Currently Regulate The Industry Include:
It is hereby rnciaimed as fo ll ows: Agreement means a contract between the government and a licensee in order to prospect, explore and mine for minerals; Currently, there are a number of laws that govern mining operations, petroleum operations, and transaction in precious minerals.
The Mining Operations Proclamation No.
The mining operations proclamation governs all mining and related activities in the country. Special small scale mining and retention license are added to the already existing types. Mining operations (amendment) proclamation no.
The Government, Custodian Of Mineral Resources, Act Through The Licensing Authority To Control And Administer Mineral Resources.
This license is exclusive, and is initially issued for 3 years. Definitions in this proclamation, unless the context otherwise requires: This proclamation amends the mining operations proclamation in provisions concerning, among other things, the application sphere of the act, approval of small scale licences, compensation to be paid by a licensee to expropriated land users and related appeal.
Government Administration Mining Development Proclamation No.
Without prejudice, to article 21(1) and 22 of this proclamation and subject to Requirements of mining rights 1. It defines the principles of sound development of the mining sector and defines the criteria for eligibility for mining rights, i.e.
Now, Therefore, In Accordance With Article 55( I) Of The Constitution Of The Federal Democratic Republic Of Ethiopia.
(amended by mining income tax (amendment) proclamation no. 1/ “arms length transaction” means the value of any mineral resource at a commercial price that would have been agreed to by unconnected persons This proclamation may be cited as the “mining proclamation no.52/1993. 2.