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amendments to government approval processes for mining and

TheMinerals and Mining(Amendment)Act, 2019 (Act 995) introducedamendmentsto theMinerals and Mining Act, 2006 (Act 703), including that which seeks to prevent foreigners from providingmining supportservices to small-scaleminersand imposes stiff punishment for the sale or purchase of minerals without a licence and for the facilitation of small-scaleminingby foreigners.

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    Theminingindustry in Guatemala is governed by, among other things, the GeneralMiningLaw. This law was initially passed in 1997, following a peaceprocessthat ended the 1960-1996 internal conflict. It was criticized by some Guatemalan civil society and legal groups for creating a low royalty rate of 1% and failing to establish a robust procedure relating to, among other

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    a user journey map that provides applicants with a clear, step-by-step picture of theminingenvironmentalapproval processand timeframes acrossgovernment; a clear and definedprocessfor secondary approvals andamendments.

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    The 1969 Mines and Mineral Act gave way for theGovernmentto introduce theMiningRegulations 1971 and theMiningRegulations 1973. Further, these two regulations have been amalgamated to transform the Guide into theMiningRegulations booklet currently being used in the copperminingindustry.

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    Crossbench seeksminingbillamendments Stock Journal

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    Amendmentsto theMiningAct 1978 passed by State Parliament on 16 November as part of the Licensing ProvisionsAmendmentBill 2015 will cut red tape to save industry and the StateGovernmenttime and money. “Theamendmentshave removed an outdated requirement to obtain iron oreapproval, introduced Designated Tenement Contacts, and clarified who can hold Miner’s Rights,” Department of ...

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    The New Amendments states that the mining entities which come under the Small Mines of Class A metals and stone (precious metals and stones) are income tax exempted; however the mining licensee under this category shall pay the Government a financial consideration of 25% from its net annual income or an amount equivalent to income tax or whichever is less, such financial consideration will be …

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