Mining Act.
An Act to repeal the Mining Ordinance and to make better provisions relating to prospecting for and mining precious metals and other minerals.
Resource information
Resource Language
ISBN / Resource ID
LEX-FAOC040785
Pages
1
License of the resource
Copyright details
© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.
Mining rights, mandatory for mining operations from exploration to exploitation, refining and so on, are denied to foreign individuals and Companies. Mining lease amd mining rights may be transfereed to others. Mining rights shall have a 25 years validity and shall apply to quadrilateral mining areas, whose boundaries must be exactly defined and reported in mining charts. Land deemed as prospect mining area shall be expropriated and compensation paide to landowner.
Implemented by: Enforcement Decree of the Mining Industry Act (Presidential Decree No. 20256 of 2007). (2015-04-07)
Data Provider
Geographical focus