LAW OF THE REPUBLIC OF ARMENIA

of November 27, 2002 No. ZR-440

About provision (concession) of subsoil for studying and commercial production for the purpose of operation of minerals

Section I. General provisions

Article 1. Subject of regulation of the Law

This Law establishes procedure for provision of subsoil for the purpose of research and (or) commercial production of minerals in the territory of the Republic of Armenia, and also regulates the legal relationship arising in connection with the mountain rights.

Article 2. International agreements

If international treaties of the Republic of Armenia establish other regulations, than those which are provided by this Law then are applied agreement regulations.

Article 3. Basic concepts of the Law

In this Law the following basic concepts are applied:

the subsoil plot - the fragment of subsoil which is under certain territory of the differentiated Earth's surface;

the land territory - certain piece of the Earth's surface;

mining production - industrial production (operation) of the minerals lying in subsoil of fields;

the license for mining production - the written permission granting the right of implementation of mining production on certain subsoil plot. She is presented for the term which is not exceeding 12 years;

the special license on mining production - the written permission granting the right of implementation of mining production on certain subsoil plot. She is presented for more than 12 years, but no more than for the term exceeding 25 years and according to the offer of the acquired his face the Concession treaty established by this Law can be signed;

studying of subsoil - works on search, investigation and assessment of mineral deposits, and also works on additional studying and operational investigation of the operated fields for the purpose of identification of additional inventories of minerals, refining of their quantity, standard, and also accounting of dynamics of inventories and their rational use during operation;

the license for studying - the written permission granting the right of implementation of general research on certain subsoil plot. She is presented for the term which is not exceeding 3 years;

the special license on studying - the written permission granting the right of implementation of general research on certain subsoil plot. She is presented for more than 3 years, but for the term which is not exceeding 5 years and according to the offer of the acquired his face the Stabilization agreement established by this Law can be signed;

the mountain rights - exclusive rights on the studying and operation of certain subsoil plot certified by the special license on studying, the license for studying, the special license for mining production, the license for mining production;

the licensor - the managing subject carrier of mining law;

business entity - the individual entrepreneur and (or) the commercial organization of the Republic of Armenia, the commercial organization of foreign state;

mining complex - the building built by the licensor for the purpose of mining production and conversion, the construction placed by it the equipment, lines of communications and (or) other property;

the program of mining production - briefly the stated project providing the methods, methods and terms necessary for commercial production from subsoil of this mineral, and also action for respect for safety of works and environmental protection;

the program of studying - briefly the stated project providing the methods, methods and terms necessary for accomplishment of exploration works on this mineral lying in subsoil, and also actions for respect for safety of works and environmental protection; the program - the program of mining production and (or) the program of studying;

the project - the project of accomplishment of geological studying and (or) works on mining production which passed in accordance with the established procedure the examination and approval;

fundamental breach - the violation connected with implementation of projects of studying or works on mining production, observance technological to regulations, standard rates, terms, safety rules, accomplishment of financial liabilities;

the license agreement - the written agreement signed between authorized body and the licensor who establishes conditions of provision of the granted mining right, the right and obligation of the Parties;

The concession treaty - the written agreement signed between the Republic of Armenia (on behalf of the state body authorized by the Government of the Republic of Armenia) and the special licensor of mining production who regulates the obligations of the parties established by this Law;

The stabilization agreement - the written agreement signed between the Republic of Armenia (on behalf of the state body authorized by the Government of the Republic of Armenia) and the special licensor of studying who regulates the obligations of the parties established by this Law.

The concepts used in this Law and not established by this Article are applied in the sense determined by the Code about subsoil of the Republic of Armenia.

Article 4. Authorized body of public administration in the field of provision in use of subsoil for the purpose of studying and mining production

Public administration in the field of provision in use of subsoil for the purpose of studying and mining production according to the procedure, established by this Law, the Code on subsoil of the Republic of Armenia, and other legal acts of the Republic of Armenia performs the state body authorized by the Government of the Republic of Armenia (further - authorized body).

Article 5. Tasks of authorized body

Tasks of authorized body are:

1) rational use of subsoil;

2) effective implementation of studying and mining production;

3) safe operation of fields;

4) ensuring environmental protection.

Article 6. Competence of authorized body

Is within the competence of authorized body:

1) provision according to this Law of the mountain rights and permissions, and also control of implementation of these rights;

2) development also their acceptance, change, recognition voided within the competence agrees to the legislation of the regulations regulating process of use of the subsoil providing public administration with subsoil and control of them existing in the field of use of subsoil, and also the regulations and rules necessary for use of subsoil;

3) development and application of development programs of mineral raw material resources;

4) preparation of the agreements provided by this Law, carrying out negotiations on them on behalf of the state and the conclusion of contracts with licensors;

5) creation, maintaining single system of geologicheskiy and other information on subsoil, order it;

6) implementation of state examination of the studied inventories and other information on subsoil;

7) creation of the list of the mineral deposits having general distribution, and their representation on approval by the Government of the Republic of Armenia;

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