State’s Right Rates in Gold and Silver Mines Are Updated

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Uçar Hukuk & Danışmanlık Bürosu

Uçar Hukuk & Danışmanlık Bürosu

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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.

You can contact us for further information and to take advantage of our advocacy and consulting services. You can find detailed information about our office’s work on Administrative and Tax LawConstruction and Infrastructure Law and Contract Law on our website.

Diclaimer:

This article is prepared by Uçar Law & Consultancy Office for information purposes only, and the information and visual materials contained in it cannot be used, reproduced, published, transmitted to a third party or translated without prior written permission from us. This legal memorandum is not a comment or legal opinion and was prepared on the publication date and our attorney’s office is not responsible for its failure to
update continuously.”

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