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Mining Investment Law approved by Resolution No.634 of 2020 issued by Royal Decree No. M/140 of 2020.

País/Territorio
Arabia Saudita
Tipo de documento
Legislación
Fecha
2020
Fuente
FAO, FAOLEX
Materia
Medio ambiente gen., Tierra y suelos, Recursos minerales, Agua, Desechos y sustancias peligrosas
Palabra clave
Minería Protección del medio ambiente EIA Legislación básica Negocios/industria/corporaciones Fondo especial Desarrollo sostenible Derecho de acceso Exploración Minerales Monitoreo Inspección Registro Infracciones/sanciones Autorización/permiso Derechos/cánones Residuos peligrosos Gestión de desechos Uso sostenible
Área geográphica
Asia, Medio Oriente, Africa del Norte y Cercano Oriente, Golfo Pérsico, Mar Rojo & Golfo de Adén, Asia Occidental
Entry into force notes
This Law enters into force 180 days after its publication in the Official Gazette.
Resumen

This Law consisting of 63 articles divided in VIII Sections and I Annex aims at (i) repealing the previous Mining Law introducing certain changes and incentives; (ii) attracting foreign investors to the sector in order to implement Saudi Vision 2030's goals for the Saudi mining industry; and (iii) diversifying the national economy away from hydrocarbons. Key amendments to the 2004 Mining Investment Law are the following (i) establishment of a new fund (art.54) to provide sustainable finance for the development of the mining sector as well as to support geological survey and exploration programs; (ii) an increase in the types of land on which mining activities may be undertaken establishing the prohibition of mining licenses for (a) lands occupied by Holy Places or military establishments; (b) lands specified by a Council of Ministers resolution; and (c) lands reserved for hydrocarbon3 operations or as hydrocarbon exploration area (art.7); (iii) the creation of a mineral zones register; (iv) the competent representative of the MOIMR has been given the capacity of judicial officers, and is authorised to enter the licenced site to inspect, monitor, control violations and ensure the licencee’s compliance with the Law; and (v) a more comprehensive violations and penalties regime, together with the decision that one or more committees will be established by a decision of the Minister of the MOIMR who will be tasked with determining violations and imposing the applicable penalties.

Texto completo
Inglés/Árabe
Página web
new.dmmr.gov.sa; https

Referencias - Legislación

Revoca

Mining Investment Law approved by Resolution No.216 of 2004 issued by Royal decree No. M/47 of 2004.

Legislación | Arabia Saudita | 2004

Palabra clave: Legislación básica, Minerales, Minería, Exploración, Zona marítima, Plataforma continental, Gas natural, Autorización/permiso, Registro, Inspección, Monitoreo, ZEE-Zona Económica Exclusiva, Protección del medio ambiente, Derechos/cánones

Fuente: FAO, FAOLEX