Mining Law Proclamation, No. 68 of 1995 Amendment Proclamation No. 165 of 2011
Made 2011-05-16 · Text as of 2026-10-01
Public law and official guidance, published as research. Not legal, tax or financial advice.
About this law
- Language
- English
- Kind
- Act
- Country
- Eritrea
- Subjects
- Mineral resources
- Keywords
- authorization/permit, business/industry/corporations, minerals, mining
- Categories
- *, metals-base, metals-precious, minerals-critical
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Text
The law's own text, section by section, as held. Each section has its own link.
ARTICLE 1: SHORT TITLE This Proclamation may be cited as " Mining Law Proclamation No.68/1995 Amendment Proclamation No.165/2011.
ARTICLE 2: STATE PARTICIPATION
Article 41 of the Mining Law Proclamation No.68/ 1995 is hereby amended as follows: Without prejudice to the provisions of Article 7 of the Mining Law Proclamation No.68/1995, the Government may acquire, without cost to itself, a participation interest of up to 10 percent of any mining investment. The Government is also entitled to equity participation not exceeding a total of 40 percent, including the 10 percent mentioned hereinabove, the percentage, timing, financing, resulting rights and obligations and other details of which shall be specified by agreement.
ARTICLE 3: EFFECTIVE DATE This Proclamation shall enter into force as of the date of its publication in the Gazette ofEritrean Laws. rro~ Done at Asmara this 16th day of May, 2011 Government of Eritrea I 2