Procedure For Granting Mining Rights Updated

On 18 July 2023, amendments to Presidential Decree No. 975, dated 23 October 2023, were promulgated. The amendments approve the Rules for Holding Competitive Bidding (Auctions and Tenders) to Grant Mining Rights, replacing the Regulations of Terms and Conditions of Holding Tenders and Bidding to Grant Mining Rights.

Unlike the Regulations, where competitive auctions were jointly organized by the Ministry of Ecology and Natural Resources and Ministry of Emergencies, the Rules assign this responsibility to the State Agency for Use of Mineral Resources under the former. The Rules streamline regulation of competitive bidding by approving the procedures to apply for, document results of, and to hold, a bidding.