Ministry of Industry and Mineral Resources announced the launch of the guide. The guide is divided into two main sections, including the financial compliance section, which includes 9 basic violations related to the obligations of mining license holders, such as late submission of declarations or payment of fees, in addition to the regulatory compliance section, which includes 26 violations related to the obligations of mining license holders, such as exploiting materials outside the license boundaries or not allowing inspectors to enter the license site during official working hours.
The Ministry aims to promote compliance with the regulations, educate licensees on the system's regulations and inform them of the procedures followed, which include the principle of warning before imposing penalties.
The Ministry aims to promote compliance with the Mining Investment Law and its executive regulations by licensees, regulate the work of mining companies and ensure their responsible practices, protect mineral resources, and create an attractive investment environment in the sector.
The Ministry aims to publish the penalties guide to promote compliance with the Mining Investment Law and its executive regulations by licensees, regulate the work of mining companies and ensure their responsible practices. <To familiarize yourself with the details of the penalties of the mining investment system and its executive regulations and to download the guide, please visit the following link: https://cdn.mim.gov.sa/Penalties_Guide.pdf
