Reforms to Mining Law in Guatemala

The Energy, Mining and Economic commissions ruled on the Mining Law reforms.

Thursday, December 11, 2008

Fredy Viana, a lawmaker from the Patriotic Party, commented that the ruling proposes that royalties be increased from one percent to three, depending on whether they are precious metals or not, and abolishes the initial recognition license, leaving only two types: mining exploration and exploitation.

More on this topic

Debate Over Panamanian Mining Code Reform

October 2011

The Commerce Commission of the National Assembly has begun discussing Bill No.394, which restores repealed articles in the Mineral Resources Code.

A press release from the Panamanian National Assembly reads:

The Commerce Commission began discussing Bill No. 394, which restores repealed articles in the Mineral Resources Code, Act 109 of 1973 and Act 55 of 1973, which, taken together, regulate the exploration and exploitation of metallic and non-metallic minerals.

State Mining Project in Guatemala

June 2012

The bill also deals with the distribution of royalties, the formation of a Mining Council, and the creation of environmental insurance.

A bill has been presented in the Guatemalan Congress to amend 30 articles of the Mining Act. Among the changes is the creation of a state mining company which may participate in public or mixed investments.

Modernization of the Mining Law Urged

August 2012

"The state’s challenge is to modernize the mining industry sector ", said Eric Clay, Minister of Energy and Mines in Guatemala.

Diálogo Libre interviewed the Minister of Energy and Mines regarding the reforms to the current mining law, and the interview was published by Prensalibre.com.

Panama: Amendments to Mining Code Approved

February 2011

The Panamanian National Assembly approved bill number 277 which amends the Mineral Resources Code.

The proposal, which was approved in first and second debate, was adopted with 42 votes in favor, 15 against and no abstentions and it adjusts fees and royalties to be paid for mineral concessions, which will increase to 5%.

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Ministerio de Energía y Minas de Guatemala

Organization that operates in Guatemala.
Phone: (502) 2419 6464

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