In this article, we address the issue of calculating obligations
in License obligation performance reports (LKU Report) and possible
approaches to avoid disputes with the competent authority
(Regulator).
Soon, subsoil users will be submitting periodic reports under
licenses for exploration of solid minerals (License). These reports
must present the results for the previous calendar year (1 January
– 31 December), with the LKU Report being one of the required
submissions. The Regulator uses these documents to verify
compliance with License conditions.
If the Regulator identifies violations, it sends a requirement
to remedy them. In the case of annual minimum expenditures for
exploration operations (AME), the consequences can be even more
serious— the Regulator has the right to revoke the License if
AME obligations are not met.
