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

Pays/Territoire
Arabie Saoudite
Type du document
Législation
Date
2020
Source
FAO, FAOLEX
Sujet
Environnement gén., Terre et sols, Ressources minérales, Eau, Déchets et substances dangereuses
Mot clé
Exploitation minière Protection de l’environnement EIA Législation de base Commerce/industrie/sociétés Fonds spécial Développement durable Droit d'accès Exploration Minéraux Monitorage Inspection Enregistrement Infractions/sanctions Autorisation/permis Royalties/redevances Déchets dangereux Gestion des déchets Utilisation durable
Aire géographique
Asie, Moyen-Orient, Afrique du Nord et Proche-Orient, Golfe Persique, Mer Rouge et le Golfe d'Aden, Asie Occidentale
Entry into force notes
This Law enters into force 180 days after its publication in the Official Gazette.
Résumé

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.

Texte intégral
Arabe/Anglais
Site web
new.dmmr.gov.sa; https

Références - Législation

Abroge

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

Législation | Arabie Saoudite | 2004

Mot clé: Législation de base, Minéraux, Exploitation minière, Exploration, Zone marine, Plateau continental, Gaz naturel, Autorisation/permis, Enregistrement, Inspection, Monitorage, ZEE-Zone Economique Exclusive, Protection de l’environnement, Royalties/redevances

Source: FAO, FAOLEX