I don't think I'm going to get an answer...
So allow me to provide the forum some information which may enlighten.
One basic and important change of this Mining Code is that it bears a distinction between minerals qualified as ordinary and strategic.
The new Mining Code produces, in its Annex I, the qualification of the minerals as strategic or ordinary.
The Council of Ministers is also granted the powers to qualify determined minerals as strategic. Minerals are deemed strategic following their importance to the Country, namely due to their economic impact in the country’s economic and social development, as well as pursuant to military security and international market demand.
In case of strategic minerals a more protectionist approach with more intervention from the State is taken,
including a criminal regime with imprisonment sanctions. The State is the owner of all rights to Strategic
Minerals, mining of these minerals being exercisable exclusively either by a public owned company, assuming the role of a national concessionaire, or by an autonomous public institution with mining strategic activity regulatory competences.
Mining titles may be transferred upon express authorization by the competent State body or national concessionaire (yet to be created or powers to be granted to an already existent entity fulfilling the legal requirements). In the case of strategic minerals, the Council of Ministers shall be the entity with
competence for provision of such authorisation.
I suppose you run the gauntlet at your own risk.
GLTAH.
- Forums
- ASX - By Stock
- LOM
- Dms plant and alluvials
Dms plant and alluvials, page-194
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LOM (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.43M |
Open | High | Low | Value | Volume |
6.4¢ | 6.7¢ | 6.4¢ | $2.58K | 38.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2507 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 44677 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2507 | 0.067 |
1 | 56920 | 0.065 |
2 | 197103 | 0.064 |
1 | 15800 | 0.063 |
2 | 84801 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 44677 | 4 |
0.070 | 72518 | 1 |
0.071 | 20000 | 1 |
0.073 | 10000 | 1 |
0.074 | 150000 | 1 |
Last trade - 13.01pm 15/07/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |