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Mining Act.

An Act to repeal the Mining Ordinance and to make better provisions relating to prospecting for and mining precious metals and other minerals.

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Resource information

Resource Language: 
English
ISBN / Resource ID: 
LEX-FAOC040785
Pages: 
1
License of the resource: 
All rights reserved
Copyright details: 
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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)

Legislation

Authors and Publishers

Author(s), editor(s), contributor(s): 

Amoroso, Barbara

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Geographical focus

Republic of Korea
Eastern Asia
Asia

Related categories

use rights
compensation
leases
concession (land)

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