EMH status clarification re politics

With thanks to Myst1 on the LSE board. Basically states that forthcoming legislation governing the exploitation of natural resources will encourage that exploitation to be carried out by state enterprises, but that this legislation will not be applied retrospectively, so EMH are free to continue. And also that any involvement by the state owned enterprise Diamo, will be through a commercial agreement or deal with EMH.


Yesterdays article:

http://ceskapozice.lidovky.cz/novel...-/tema.aspx?c=A180627_144849_pozice-tema_lube

Important extracts:

'The mining fee will no longer be changed every five years, but every year and every time it is reversed from current market prices, of which ten per cent is the upper limit of the fee.The miners will therefore have to report to the ministry how many scrapers? were worth and how much they sold'.

'The government has already decided that all strategic raw material deposits will be investigated next and will only benefit from the state-owned company Diamo'.

BUT THE MOST IMPORTANT PART:

'The final fulfillment of the story on the strengthening of the state is the current amendment and change of the raw material policy. "According to the survey, in the context of super-strategic and some other raw materials, such as critical raw materials of the EU and also tantalum, zirconium, titanium, gold, lithium and uranium, the state-owned company Diamo should be doing", Ministry spokeswoman Štěpánka Filipová told LN. IT DOES NOT APPLY RETROSPECTIVELY, so the lithium deposits under the Ore Mountains will not touch the new privileged position of Diamo'

This is also reiterated by the following article earlier this month:

https://archiv.ihned.cz/c1-66158050-prednostni-pravo-k-tezbe-ma-mit-stat

'Diamo then stated that "increased state involvement (participation) could currently be based solely on an agreement with EMH - Geomet"