In the Mining Law No. 3213, the principles and procedures regarding the exploration, operation, possessions and abandonment of mines in accordance with national interests are regulated. In the aforementioned law, the State right is defined as the part that falls to the state’s share of the income to be obtained through mining and the payment obligation belongs to the license holder. According to the 14th article of the Mining Law, the state right is taken from the price of the mine extracted from the quarry at the beginning of the quarry.
With the Presidential Decree No: 2932 published on the Official Gazette dated September 4, 2020 and numbered 31234, within the scope of table No. 3 of the law, the state right rate for gold and silver, which is one of the 4th group mines, will be increased by 25%, in accordance with the 14th Article.
Presentation material describing the general lines of Mining Law prepared by our office can be accessed here.
The full text of the Presidential Decree can be accessed here.
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