National Mineral Policy 2006 - Department of Mines
National Mineral Policy 2006 - Department of Mines National Mineral Policy 2006 - Department of Mines
Cross-country Comparison of Mining Lease AspectsAppendix GMining legislationCountryMinimumTerms for mining leaseApprovalexpenditure Mining Mortgage EIAtime for Initial term Renewal Concession fee exploration rights facility requirementexplorationlease obligation transferArgentina NA NA NA NA None Yes Yes YesBolivia 8 days No limitation No 1–5 years Bs 131 None Yes Yes Yeslimitation 6 years and more (ML)Bs 262 per blockBotswana NA 25 years Every 25 P100/Km 2 None Yes None Yesyears(ML)Brazil NA No limitation No None None Yes Yes Yeslimitation(ML)Chile 4–5 months No limitation No Approx. $ 5/HA None Yes Yes Yeslimitation annually (ML)China 40 days Large-scale: 30 years Possible YU 1000/Km 2 Yes Is permitted Yesper yearMedium-scale: 20yearsSmall-scale: 10 years248
249Appendix G (cont.)Country Mining legislation MinimumTerms forApprovalmining lease expenditure Mining Mortgage EIAtime for Initial term Renewal Concession fee exploration rights facility requirementexplorationlease obligation transferColo mbia One year Small-scale: 10 yearsSmall-scale:10 years NA None Yes None YesMedium-scale: 30yearsMediumscale:noneLarge-scale: 30 yearsLarge-scale:noneGhana In a recent Up to 30 years Up to 30 For foreigners: None Yes None Yeschange attempts years US$ 30,000are being madeLocal: C5millionto reduce thetimeIndia Not 30 years 20 years As dead rent Yes with Notavailable state and specifiedCentralgovernmentapprovalIndonesia Not 30 years Yes: not US$ 0.1–0.35/HA US$ 1200 per sq. Yes with Yes with Notspecified specified km government government specifiedapproval approvalMexico 15 days 50 years 50 years Mining duties Yes Not Yesexploitation:specified1 st –2nd year: MP193 rd –4th year: MP 385 th year onwards:MP 66all per HA
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- Page 242 and 243: OthersShri Arvind VarmaEx-Secretary
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- Page 248 and 249: Appendix ERecommendations of the Ex
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- Page 266 and 267: Annexure 1 (cont.)Geologicalenviron
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- Page 292 and 293: Annexure 7Royalty Accruals on Miner
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Cross-country Comparison <strong>of</strong> Mining Lease AspectsAppendix GMining legislationCountryMinimumTerms for mining leaseApprovalexpenditure Mining Mortgage EIAtime for Initial term Renewal Concession fee exploration rights facility requirementexplorationlease obligation transferArgentina NA NA NA NA None Yes Yes YesBolivia 8 days No limitation No 1–5 years Bs 131 None Yes Yes Yeslimitation 6 years and more (ML)Bs 262 per blockBotswana NA 25 years Every 25 P100/Km 2 None Yes None Yesyears(ML)Brazil NA No limitation No None None Yes Yes Yeslimitation(ML)Chile 4–5 months No limitation No Approx. $ 5/HA None Yes Yes Yeslimitation annually (ML)China 40 days Large-scale: 30 years Possible YU 1000/Km 2 Yes Is permitted Yesper yearMedium-scale: 20yearsSmall-scale: 10 years248
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