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Home / Codes / Article 274. Ensuring the elimination of consequences of prospecting Code on Subsoil and Subsoil Use Republic of Kazakhstan

Article 274. Ensuring the elimination of consequences of prospecting Code on Subsoil and Subsoil Use Republic of Kazakhstan

АMANAT партиясы және Заң және Құқық адвокаттық кеңсесінің серіктестігі аясында елге тегін заң көмегі көрсетілді

Article 274. Ensuring the elimination of consequences of prospecting Code on Subsoil and Subsoil Use Republic of Kazakhstan  

     Ensuring the fulfillment of the obligations of the subsurface user to eliminate the consequences of mining is provided in the form of a pledge of a bank deposit or a guarantee issued by a second-tier bank.

     The total amount of security is calculated based on the number of hectares that make up the territory of the prospecting site and the monthly calculation index established for the relevant financial year by the law on the republican budget and effective in the year of the application for a prospecting license. The amount of security per hectare is determined by the local executive body of the region.

     The amount of security may be reduced by the subsurface user in proportion to the number of hectares corresponding to the part of the territory of the mining site returned to the state.

 

President    

Republic of Kazakhstan     

© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan  

 

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