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Energy and Mines approves concessions

The Ministry of Energy and Mines (MEM) reported on Wednesday, 13 July 2016, that 44 permits have been issued between May 2015 and June 2016, for the exploration for both metallic and nonmetallic minerals. During the same period, the Ministry also published seven protocols and regulations to establish clear rules for the mining sector.

Minister of Energy and Mines Antonio Isa Conde stated that this year the Ministry has focused on strengthening the regulatory framework and the strict compliance of mining activities established by law, including the process to grant or deny a concession.

In a press release published in the El Nacional newspaper, the MEM reported that there were 21 permits issued for mineral exploration, 15 administrative resolutions, three refusals for exploration and one request for cease and desist on a concession. Two concessions were declared to have reached their time limit and one administrative decision authorized the restart of operations and another declared a concession to be null and void.
Regarding the legal framework for mining activities, the Ministry of Energy and Mines reported the completion of the first set of regulations for the exploration and exploitation of hydrocarbons that was approved in 2015 by the Executive Branch.

Source: DR1

July 15, 2016

Category: DR News |

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Last updated December 8, 2016 at 12:39 AM
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