New Mining Regulation Introduced

The new Mining Regulation ("Regulation") was published in the Official Gazette dated 21.09.2017 and numbered 30187, repealing the old Mining Regulation of 06.11.2010. The Regulation complements the amendments made to the Mining Law No. 3213. To summarize some of the main provisions – in line with the Mining Law, mining licenses may be transferred with the consent of the Ministry of Energy and Natural Resources ("Ministry").

Royalty agreements to be executed between license holders and third parties are subject to the Ministry's approval, and except for governmental entities and their affiliates, royalty agreements cannot be signed for underground coal mines. Transfers concerning royalty agreements must be notified to the General Directorate of Mining Affairs and recorded with the mining registry.