The Law Concerning Amendment Of The Mining Law

The Amendment Law amended some of the major provisions of the Mining Law (published in the Official Gazette, dated June 15, 1985 and numbered 18785) including among others: (i) mine groups and validity terms of the exploration and operation licenses, (ii) royalty rates, (iii) main principles of licensing, (iv) terms and conditions regulating mine lease agreements ("rödövans sözleşmesi"), (v) sanctions, and (vi) rules on payment of the license fees.

The main issues and novelties regulated under the Amendment Law may be summarized as follows:  

• The Amendment Law reclassifies the mine groups and removes Group VI that covers radioactive minerals. The Amendment Law also envisages that existing licenses for Group VI shall be licensed under Group IV.