Second National Reconcilation Study EITI Peru - unofficial…

Consultancy for the Second National Reconciliation Study of the
Extractive Industries Transparency Initiative (EITI) in Peru (2008 – 2010)
(Continuation)
IV.5 Validity Rights
1. General Aspects
1.1. Concept
Validity Rights are the annual payments that the owners of all mining concessions must pay,
whether involved in extraction, general work, mining transportation, exploitation or
construction materials and regardless of whether they are a large, medium or small mining
company or artesanal mining operation, to maintain rights over the concession area.
Payments are consistent with the concessionaire’s attributions and are granted by the state
in the company’s name. If the concessionaire fails to make payments for two consecutive
years, the concession will expire and subsequently be extinguished. This will not exonerate
the concessionaire from the need to comply with all other obligations assumed as the owner
of mining operations.
It is important to emphasize that the concessions’ system permits transactions between
assignees (owners of the validity rights) and assignors (natural persons or companies that
intend to use the concession and pay corresponding fees). These transactions must be
recorded in Public Registries and reported in the Annual Consolidated Declaration (DAC)
that is presented to the General Directorate for Mining and the Ministry of Energy and Mines
(DGM-MEM).
1.2. Legal base in effect during the periods included in the Study
- Texto Único Ordenado de la Ley General de Minería. D.S. 014-92-EM. 04/06/1992
- Reglamento de Procedimientos Mineros. D.S. 018-92-EM. 07/09/1992
- Reglamento de Diversos Títulos de TUO de la Ley General de Minería. D.S. 03-94-
EM. 14/01/1994
- Ley, which modifies Ley Nº 27015 (art. 9º Derecho de Vigencia de derechos
mineros). Ley 27560. 24/11/2001
- Approval of the Regulations of the Special law to grant Mining Concessions in urban
areas and areas corresponding to urban expansion. (Art. 13º Devolución del Derecho
de Vigencia). D.S. 008-2002-EM. 21/01/2002
- Authorizes the use of INEI’s Digital Census Cartography to distribute revenues from
Validity Rights among the municipalities and areas where mining rights are located.
D.S. 002-2001. 18/01/2001
- Established procedures to calculate payments corresponding to Validity Rights for
extractive concessions. R. D. 185-97-EM/DGM. 16/05/1997.
- Law to Formalize and Promote Small-Scale Mining and Artesanal Mining. Ley 27651.
24/01/2002
- Establish directives for the validity rights’ payments and/or penalties and modifies the
Regulations for Mining Procedures. 010-2002-EM. 09/03/2002.
- Approves the Regulations of the Law to Formalize and Promote Small-Scale Mining
and Artesanal Mining. D.S. 013-2002-EM. 21/04/2002
Consultancy for the EITI Peru Multi-Sector Working Committee
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