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The new Mining Law, Law 9/ 2006, came into effect on 3rd November 2006.
Exploration Licence
Contracts permit areas up to 500km2 (or 1,000km2
for diamond exploration) to be explored for up to 4 years.
The explorer may also opt for registration of smaller Prospect
Areas (up to 250km2) to permit detailed evaluation of individual
prospects, annually renewable up to 3 years. Exploitation Licences will
be granted upon submission of a mining programme that must include
environmental management strategies.
Copies of Law 9/ 2006 in Spanish (original - 2.1 MB) and English (translation - 136 KB) are available for download as PDF files. |