MinPrirody (RF Ministry of Natural Resources) suggests amending the law On Subsoil Resources, which would specify the license conditions and stimulate mineral resources processing.
The draft law published at the MinPrirody website suggests correcting the procedure of amending the license on subsoil resources usage.
The draft law introduces an additional main criterion for defining the winner in the contest for the right to use a site of subsurface resources – an obligation to process the mineral products recovered. The draft law suggests the given criterion include the efficiency and the scientific and technical level of the proposed programs as well as its execution terms.
Some of the suggested measures are already in action, but they have not been regulated in the legislation, the statement on the web-page of MinPrirody says.
Метки: energy industry news 2011, legislation, MinPrirody, RF Ministry of Natural Resources, Russian energy industry news, subsurface resources
