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Mining and energy bills rounded up
Belgrade,
17 April 2006
The Serbian Ministry of Energy and Mining stated today that Serbian parliament has adopted the Bill on amendments to the Law on mining, thus rounding up legislative activity in this sector in the first two years of the ministry's mandate.
The statement says that together with the Law on energy and the Strategy for Energy Development before 2015 that have already been adopted, the Bill on amendments to the Law on Energy is the third legal act to regulate the mining and energy sector.
This document is far more operational and applicable in practice than the previous one. It will also provide better legal security for companies making sizeable investments into geological research of minerals.
The most significant change to the law is that a fee for using raw minerals will now be charged as a percentage of the sale of raw minerals, and the ratio will depend on the type of mineral.
The amendments also envisage the establishment of an agency for mining that will draft balances of all raw minerals, prepare by-laws, regulations on technical normatives and managing strategies for the mining sector, provide information on companies and promote investment in the mining sector.
The amendments define in more detail the conditions for issuing and revoking exploitation licences. Instead of the so-called exploitation project as a necessary condition for obtaining the licence, from now on a feasibility study will suffice.
Furthermore, conditions for exploiting raw minerals for personal needs are also more closely defined and those for issuing exploitation licences and controlling the exploitation process are now stricter, concludes the statement.
This document is far more operational and applicable in practice than the previous one. It will also provide better legal security for companies making sizeable investments into geological research of minerals.
The most significant change to the law is that a fee for using raw minerals will now be charged as a percentage of the sale of raw minerals, and the ratio will depend on the type of mineral.
The amendments also envisage the establishment of an agency for mining that will draft balances of all raw minerals, prepare by-laws, regulations on technical normatives and managing strategies for the mining sector, provide information on companies and promote investment in the mining sector.
The amendments define in more detail the conditions for issuing and revoking exploitation licences. Instead of the so-called exploitation project as a necessary condition for obtaining the licence, from now on a feasibility study will suffice.
Furthermore, conditions for exploiting raw minerals for personal needs are also more closely defined and those for issuing exploitation licences and controlling the exploitation process are now stricter, concludes the statement.
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