A Mining Concession for a maximum term of twentyfive (25) years and a Mining Operation Permit for a term of fifteen (15) years are issued in conjunction with a Mining Agreements the form of which is determined by decree.
A Mining Agreement is valid for a maximum period corresponding to the term of the title to which it relates. It is renewable for periods of ten (10) years for a mining concession and five (5) years for an operating permit.
The provisions of the Mining Agreement supplement the provisions of this Code but shall not derogate from them. They set out the rights and obligations of the parties and may guarantee the title holder the stability of the terms and conditions therein stated, in particular with regard to fiscal matters and the foreign exchange regulations as set out in this Code.
In cases where the State has an interest in one or more Mining or Quarry Activities with third parties, the nature and terms of the State’s interest are specifically defined in advance in the Mining Agreement that accompanies the Mining Concession.
The Minister has the authority to sign the Mining Agreement upon receiving the National Mining Commission’s approval and with the authorisation of the Council of ministers.
Within a period not exceeding seven (7) business days from the date of its signature, the signed Mining Agreement is then submitted to the Supreme Court for its legal opinion. Following the approval by the Supreme Court, the Mining Agreement is then forwarded to the National Assembly for ratification.
Once signed, the Mining Agreement will be published on the official Website of the Ministry n charge of Mines, or any other site designated by the Minister.
Once ratified, the Mining Agreement will be published in the Official Gazette and on the Official Website of the Ministry in charge of Mines, or any other site designated by the Minister.