New Mining Law in Effect In Honduras

The regulation allows surveys to determine if there is evidence of mineral deposits anywhere in the country, except in specifically excluded areas.

Monday, April 8, 2013

The General Mining Law, approved in January by the Honduran Congress, became effective upon publication in the official newspaper of the Republic, La Gaceta.

According to this law, the exploration stage should be governed by the Manual of Good Mining Practices, which has to be reviewed periodically to keep it updated.

It stipulates that "ground rent is a periodic financial consideration to be paid from the year in which a mining right application was made and during the term of that right."

Also, the mining concession requires the implementation of the investment project for the production of mineral substances, in the terms set out in it.



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