Regional Law No. 416-OZ “On subsoil management”. Country/Territory Russian Federation Territorial subdivision Nenets Document type Legislation Date 2003 (2008) Source FAO, FAOLEX Subject Mineral resources, Water Keyword Concession Exploration Mining Minerals Groundwater Geographical area Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific Entry into force notes This Regional Law enters into force on the date of its official publication. Abstract This Regional Law regulates relations originating in the process of exploration, mining and management of subsoil, and also protection thereof. Subsoil, including minerals, energy and other resources contained in subsoil, shall be public property. Plots of subsoil cannot be object of purchase and sale, donation, hereditary possession, contribution, mortgage or expropriation. All the plots of subsoil shall form state fund of subsoil. Subjects of entrepreneurial activity, including foreign legal persons, can be subsoil managers. Subsoil plots can be conceded for management for a limited period of time (exploration, prospecting and mining of minerals) for five years or for the period of exhaustion of mineral deposits, and for 25 years for extraction of groundwater. Full text Russian Website www.fpa.su References - Legislation Repealed by Regional Law No. 56-ZAO “On subsoil management”. Legislation | Russian Federation | 2012 Keyword: Concession, Exploration, Mining, Minerals, Use restrictions, Authorization/permit Source: FAO, FAOLEX