Mining Investment Law

Release Date:	1425-08-20
Release Tool:	Royal Decree
Issuance Instrument Number:	m/47
Validity:	Cancelled
Summary:	By AI The text pertains to Saudi Council of Ministers Decision No. 216, which approves the Mining Investment Law, and has been sent to several ministries and government agencies. The law includes basic definitions such as the responsible ministry (Ministry of Petroleum and Mineral Resources) and the minister, and it establishes state ownership of all mineral deposits. The law addresses the procedures for obtaining the necessary mining licenses, including exploration, discovery, and exploitation licens...

Release Date:

1425-08-20

Release Tool:

Royal Decree

Issuance Instrument Number:

m/47

Validity:

Cancelled

Summary:

By AI

The text pertains to Saudi Council of Ministers Decision No. 216, which approves the Mining Investment Law, and has been sent to several ministries and government agencies. The law includes basic definitions such as the responsible ministry (Ministry of Petroleum and Mineral Resources) and the minister, and it establishes state ownership of all mineral deposits. The law addresses the procedures for obtaining the necessary mining licenses, including exploration, discovery, and exploitation licens...