Government increases mining requirements for foreign investors

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    New regulation controls FDI and handicaps local acquisition efforts

    Foreign investors will be required to report their listing intentions to the Ministry of Commerce and the Ministry of Land and Resources after August 20.

    The Measures for the Administration of Foreign-invested Mineral Exploration Enterprises require that, if foreign investors' plans involve any kind of exploration operations, they must apply for exploration certificates before the operations start. Besides, enterprises of such should each year report once to the authorities about their process of operations, tax and fee payments, as well as environmental protection activities.

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