Mining, rules for exploration and discovery change - Changes also for suspension of activity and environmental rehabilitation
Exploration permits will be granted through an open procedure for all areas for which there is no geological information or in those areas for which there is geological information, but there is interest in more detailed study and higher reliability regarding the data for the area.
This is one of the changes provided for in the law "On the mining sector", which, according to the accompanying report, aims to promote and encourage exploration activities to increase the potential of mineral reserves, especially those in short supply in the region and in the EU.
Another change concerns the definition of a time limit for the suspension of activity, due to various problems that mining companies may encounter. The draft law defines the right to request a suspension of up to 1 year, which is assessed by the responsible structure and approved by the ministry.
Changes are also foreseen in terms of the guarantee paid by companies that carry out mining activities for the environmental rehabilitation of the area.
According to the report, one of the problems encountered is the fact that the assessment of the value of the rehabilitation guarantee is carried out at the moment of obtaining the mining permit, but at the end of the permit's validity period, the real value of the rehabilitation is higher than the estimated one. For this reason, the draft law provides for the updating of this value, according to market prices.
The mining law also provides for the obligation of companies, upon the expiration of the permit, to rehabilitate the area in which they have carried out their activities, but does not specify a deadline for how long this rehabilitation must be carried out. For this reason, this draft law provides for a deadline of up to 18 months for the completion of the rehabilitation.
In the event that the mining permit holder has abandoned the permit area for 18 months, the deposited rehabilitation guarantee is transferred to the state.
Poll
Marco Alberti, the new ambassador of Italy in Tirana - The 53-year-old born in Zaire starts work in Albania
Marco Alberti is the new Italian ambassador to Tirana, replacing Fabrizio Bucci, whose 5-year mandate ended a few days ago. Born in the city of Bukavu,......
DIVA, the number of individuals who must declare doubles - How to fill out the income declaration and which categories are required to do so
This year, the rules for declaring income through DIVA will be different than before. The Income Tax Law defines the categories of who must declare their......
Exchange rate/ Dollar, Euro and Franc strengthen!
The US dollar is being bought today at 94.4 lek and sold at 95.6 lek, marking an increase from yesterday according to the local exchange rate. The European......
Britain, with the fastest growth in Europe - IMF: Ranks third among G7 countries, after the US and Canada
Britain will have the fastest growth among major European economies this year, according to the International Monetary Fund. The IMF raised its forecast for......
Modernization of oil production - Albpetrol, 78.8 million tender for the intelligent system
The state-owned oil company in Albania "Albpetrol" JSC has announced the opening of the tender for the implementation of Smart Solution in the oil extraction......
Britain plans to increase the price of the ETA travel permit just a few days after departure: How much does it cost and how to apply?!
Visiting the UK is about to get more expensive as the country’s new travel permit rollout begins. Visitors from Europe don’t need an Electronic Travel......
Billionaires' wealth increases significantly - Oxfam predicts five trillionaires in a decade!
The eurozone's GDP is roughly $15 trillion (€14.5 trillion), equivalent to what billionaires around the globe will own in 2024. The number of people with the......
Trump "pave the way" for cryptocurrencies - Plans regulatory relief for industry expansion
President-elect Donald Trump is planning to use executive power to reduce the regulatory burden facing cryptocurrency companies and promote the adoption of......
