RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of December 20, 2011 No. 1704

About approval of the Regulations on procedure of payments of the starting amount of one-time payment for mineral right

According to Item 2 of the Presidential decree of the Republic of Belarus of October 3, 2011 "About some questions of implementation of investing activities concerning subsoil" the Council of Ministers of the Republic of Belarus DECIDES: No. 442

1. Approve the enclosed Regulations on procedure of payments of the starting amount of one-time payment for mineral right.

2. This resolution becomes effective since January 1, 2012.

Approved by the Resolution of Council of Ministers of the Republic of Belarus of December 20, 2011 No. 1704

Regulations on procedure of payments of the starting amount of one-time payment for mineral right

1. This Provision determines procedure of payments of the starting amount of one-time payment for mineral right (further - the starting amount of one-time payment) when tendering, and also by provision of subsoil plots without tendering in the cases established by legal acts.

2. For the purposes of this provision the following terms and determinations are used:

inventories of minerals of categories A, B, C1 - total amount of explored reserves of the minerals suitable for industrial use and approved in accordance with the established procedure;

inventories of minerals of category C2 - amount of previously estimated inventories of minerals, perspective for industrial use according to the conclusion of state examination of geological information on subsoil.

3. The starting amount of one-time payment is determined depending on types of use of natural resources:

geological studying of subsoil;

mining;

use of geothermal resources of subsoil.

4. Subject to calculation of the starting amount of one-time payment is the subsoil plot:

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