Mining rights, mandatory for mining operations from exploration to exploitation, refining and so on, are denied to foreign individuals and Companies. Mining lease amd mining rights may be transfereed to others. Mining rights shall have a 25 years validity and shall apply to quadrilateral mining areas, whose boundaries must be exactly defined and reported in mining charts. Land deemed as prospect mining area shall be expropriated and compensation paide to landowner.
Implemented by: Enforcement Decree of the Mining Industry Act (Presidential Decree No. 20256 of 2007). (2015-04-07)
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