Royal Decree No.49/2014 establishing the Public Authority for Mining.
Country
Type of law
Legislation
Abstract
This Decree consisting of 7 articles aims at issuing the system that governs the new Authority for Mining. It establishes that it shall be affiliated to the Ministry of Commerce and Industry. Article 5 stipulates that the powers and prerogatives of the Directorate General of Mining at the Ministry of Commerce and Industry shall be transferred to the Public Authority for Mining.
The management of the Authority and the organization of its affairs shall be undertaken by the Authority’s Board of Directors. The Authority’s duties will include the following (i) preparing strategies and policies of the basic geological structure of the Sultanate; (ii) reviewing and drafting legislation with the aim of providing organizational structure to encourage the development of the sector; (iii) preparing studies and creating research teams to obtain the needed information for the feasibility of projects as well as to study the prospect for mineral exploitation; and (iv) supervising the activities related to the mining sector in order to achieve optimal exploitation of mining resources and preserve the geological heritage.
Parts III and IV of the Law deal, respectively, with the Management of the Authority and its financial issues.
The management of the Authority and the organization of its affairs shall be undertaken by the Authority’s Board of Directors. The Authority’s duties will include the following (i) preparing strategies and policies of the basic geological structure of the Sultanate; (ii) reviewing and drafting legislation with the aim of providing organizational structure to encourage the development of the sector; (iii) preparing studies and creating research teams to obtain the needed information for the feasibility of projects as well as to study the prospect for mineral exploitation; and (iv) supervising the activities related to the mining sector in order to achieve optimal exploitation of mining resources and preserve the geological heritage.
Parts III and IV of the Law deal, respectively, with the Management of the Authority and its financial issues.
Attached files
Web site
Date of text
Entry into force notes
This Decree enters into force on the day of its publication in the Official Gazette.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
مرســــوم ســــلطاني رقــم 2014/49 بإنشــاء الهيئــة العامـــة للتعديــن وإصــدار نظامهـــا