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Mining Titles

General Information about the Mining Titles

Mining titles vary from one country to another according to the Mining Code, nevertheless we can note resemblances from one country to another concerning:

Reconnaissance Licenses

Prospecting Permits

Operating Permits

Mining Concession

Reconnaissance Licences

Rights Conferred: a reconnaissance license confers its holder the right to search for one or several minerals in all zones not covered by already other mining title.

Allocation: variable; National direction of Mines, or by the Ministry of Mines, etc...

Validity, Renewal: generally 3 months renewable one or more time.

Prospecting Permits

Rights Conferred: prospecting permits confer on their holders the exclusive right to prospect for minerals for which the permit is issued.

Area and Form: variable according to countries, it can be of 500 km2 for industrial prospecting permits and 16 km2 for semi-industrial permits.

Allocation: variable; National direction of Mines, or by the Ministry of Mines, etc...

Validity: generally 3 years for industrial permits and 2 years for semi-industrial permits.

Renewal: generally renewable 1 to 2 times for lower durations.

Program of Work: a program of work is defined at the time of the delivery of mining titles as well as the minimum financial effort that the company will have to carry out each year.

Disposal of Products: holders of prospecting permits have the right to dispose freely of all products extracted in the course of the prospecting.

Operating Permits

Rights Conferred: an operating permit confers its holders the exclusive right to search, prospect, develop and freely dispose of the mineral substances for which it is issued, within the limits of its perimeter and without limitations of depth.

Area and Form: the area for which operating permits are issued is defined in the constitutive order. It is limited to the deposits as designated in the feasibility studies.

Allocation: variable; National direction of Mines, or by the Ministry of Mines, etc...

Validity: generally 10 years for industrial permits and 5 years for semi-industrial permits.

Renewal: generally renewable 1 to 2 times for lower durations.

Disposal of Products: holders of operating permits have the right to dispose freely of all products extracted.

Mining Concession

Rights Conferred: concession confers its holders the exclusive right to carry out all kinds of prospecting and development of deposits of minerals substances for which the concession is granted, within the limits of its perimeter, and without limits of depth.

Area and Form: the area for which concession permits are issued is defined in the constitutive order. It is limited to the deposits as designated in the feasibility studies.

Allocation: variable; National direction of Mines, or by the Ministry of Mines, etc...

Validity: generally 25 years.

Renewal: generally renewable 1 to 2 times for lower durations.

Disposal of Products: holders of concession have the right to dispose freely of all products extracted.

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