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Kenya: Many Prospecting and Mining Licenses Cancelled; New Mining Law Considered

(May 22, 2015) Kenya’s Ministry of Mining has cancelled 65 licenses for prospecting and mining; some of the revoked permits were held by individuals and others by companies. The moves have raised concern that investors will lose confidence in the viability of the industry in Kenya, and some have threatened lawsuits over the issues of […]

China: Resource Taxes Adjusted for Rare Earth, Tungsten, Molybdenum

(May 12, 2015) On April 30, 2015, China’s Ministry of Finance and the State Administration of Taxation issued a joint notice on adjustments to the resource tax levied on rare earth, tungsten, and molybdenum, to be applied from May 1, 2015. As of that date, the tax on the three materials, including on the raw […]

Indonesia; Portugal: Energy, Mineral Resources MOU Signed

(Sept. 25, 2014) The Office of the Prime Minister of Portugal issued a statement announcing that on September 19, 2014, the country signed a memorandum of understanding with Indonesia in the area of energy and mineral resources. The MOU provides for the creation of a working group to identify opportunities for investment in the sector. […]

Indonesia: Export Ban on Unprocessed Minerals Comes into Effect

(Jan. 23, 2014) On January 12, 2014, an Indonesian presidential decree prohibiting the export of unprocessed minerals came into force. It had been signed by President Susilo Bambang Yudhoyono on January 11 at a Cabinet meeting. (Indonesia’s Law on Ore Exports Takes Effect,THE <!–?JAKARTA POST (Jan. 12, 2014); Indonesia Implements Ban on Unprocessed Ore Export, […]

France: New Mining Code Under Consideration

(Dec. 23, 2013) On September 5, 2012, the French Prime Minister, Jean-Marc Ayrault, created a working group to elaborate an in-depth reform of the French Mining Code. This working group, which consisted of elected officials, jurists, representatives from non-government organizations, and representatives from the industrial sector, as well as other concerned social actors and experts, […]

Burundi: New Mining Code Replaces 1976 Law

(Dec. 18, 2013) On October 15, 2013, President Pierre Nkurunziza of Burundi assented to enactment of the country’s new Mining Code, which had been approved by Burundi’s Senate on October 10. (Anapaula Trindade Marinho, Burundi: Mining Code Enacted, TAX NEWS SERVICE (Dec. 9, 2013), International Bureau of Fiscal Documentation online subscription database; Burundi: Un nouveau […]

Denmark; Greenland: Greenland Votes to Lift Uranium Mining Ban; Considers Independence

(Nov. 18, 2013) On October 24, 2013, in a close vote, Greenland’s legislature, the Inatsisartut (Parliament), overturned a 1988 ban on the mining of radioactive materials. The 15-14 vote will permit uranium, thorium, and rare earth deposits, among other materials, to be mined in Greenland. Denmark’s legislature will also have to approve the cancelling of […]

Guinea: Mining Code Amended

(July 31, 2013) The transitional Parliament of Guinea (Conseil National de Transition, CNT) adopted Law L/2013/053/CNT on April 8, 2013, which amends the Mining Code, Law L/2011/006/CNT. The President promulgated the new Law on April 17, 2013, by Presidential Decree D/2013/075/PRG/SGG. (Amendments to the Guinean Mining Code, Norton Rose Fulbright website (June 2013); Albert Atangana, […]

European Union: European Parliament Committee Approves Legislation Requiring Mineral and Oil Companies to Disclose Payments to Governments

(June 7, 2013) The Legal Affairs Committee of the European Parliament has endorsed draft legislation that requires companies involved in gas, oil, and mineral extraction as well as logging, to provide full disclosure of payments made to national governments. (Press Release, MEPS Back Deal Forcing Oil and Mineral Firms to Disclose Payments to Governments (May […]

Poland: Draft Proposals Completed on Hydrocarbon Tax Law and Amendment to Geology and Mining Law

(Apr. 8, 2013) It was reported on March 3, 2013, that Poland’s Ministry of Finance had completed a draft hydrocarbon taxation proposal. The proposal sets forth tax rates for natural gas and oil extraction. It stipulates that extractive industries will be subject to an overall tax rate of 39% on extractions from shale deposits and […]