Notary Union: Permit Not Required To Execute Mining Royalty Agreements in Turkey

The Union of Turkish Public Notaries ("Union") has clarified to notaries that a permit from the Ministry of Energy and Natural Resources ("Ministry") is not required to execute royalty agreements between license holders and third parties. The Union issued an Information Letter dated 20 January 2016, in line with a related letter issued by the General Directorate of Mining Affairs dated 14 December 2015.

2015 amendments to Mining Law Number 3213 stated that a permit from the Ministry is required to execute royalty agreements between license holders and third parties before notaries. Accordingly, the Union declared in February 2015 that a permit from the Ministry was required to notarize royalty agreements.