IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 09 Feb 2010 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

It is designed both to promote the industry and protect the environment. "The amendments require the Government to develop a mining management plan, designed to avoid conflicts. Extensions of mining concessions lasting twenty years will be permitted with a minimum two years but will not be automatic and must be shown to benefit the interests of the country." (See press article below). At the same time, it also increases the level of state control. The involvement of the government is, however, seen necessary to organise the mining sector in an environment-friendly way.

AFFECTED COUNTRIES

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