Changes And Novelties Brought By The New Mining Regulation

The New Mining Regulation ("Regulation") which was prepared within the scope of the Mining Code No. 3212 entered into force with Official Gazette dated 21.09.2017 and numbered 30187. The Regulation determines the procedures and principles for  granting  the rights to real persons and legal entities by the Ministry of Energy and Natural Resources (the "Ministry") for the purpose of searching, operating, developing and producing of mineral resources in accordance with national interests for a determined period.

The Regulation has detailed arrangement on licensing transactions and operating activities and for the first time, the royalty right owner has been defined in the Regulation.  A summary of changes and novelties introduced with the Regulation is below;