Mining Contracts Subscription Authorization Act

Original Language Title: LEY DE AUTORIZACIÓN DE SUSCRIPCIÓN DE CONTRATOS MINEROS

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law No. 368

2013 MAY 1 LAW LAW

EVO MORALES AYMA

CONSTITUTIONAL PRESIDENT OF THE PLURINATIONAL STATE OF BOLIVIA

For the Plurinational Legislative Assembly, it has The following Law:

THE PLURINATIONAL LEGISLATIVE ASSEMBLY,

D E C R E T A:

SUBSCRIPTION AUTHORIZATION ACT

MINING CONTRACTS

Single Article.

I. The General Authority Mining Administrative Jurisdictional, is temporarily empowered to subscribe contracts

miners in the name of the state, with productive actors from the state mining industry, private mining industry and mining cooperatives, as long as the new Mining Law is enacted.

II. The procedures for contract applications Mining and other leasing companies submitted by the mining cooperatives

mining actors, and initiated in the Mining Corporation of Bolivia-COMIBOL in tax areas, will be concluded by the General Authority Mining Administrative Court.

TRANSITIONAL PROVISIONS

FIRST. As of the date of validity of this Law, in the period of one hundred and eighty (180) calendar days

the scope of the regulations related to crimes of the exploitation of mining areas, illegal exploitation of resources will not be applied minerals, purchase and illegal sale of mineral resources, to persons who are an integral part of the mining cooperatives, representatives of collective persons and natural persons, who submitted procedures for the Contract of Leasing in Area Prosecutor before the Mining Corporation of Bolivia-COMIBOL.

In case of failure to conclude in time due to the due cause to the competent authority, by means of express rule the extension of the deadline will be available.

SECOND.

I. The mining players with current lease on areas that are under the ownership of the

Mining Corporation of Bolivia? COMIBOL shall submit, if it is of interest, a request for renewal of a contract of three months before the date of completion of the contract, in which time these formalities shall be completed under the responsibility of the public servants responsible for the renewal of the contract. formalities at the COMIOL.

II. In case of failure to complete these contract renewal procedures within the prescribed time limit, the same will be extended by three

months, in which time the provisions of the related legislation will not apply. Mining of mining areas, illegal exploitation of mineral resources, illegal purchase and sale of mineral resources. If the delay of the completion of the formalities is attributable to the ComIBOL, the deadline for another three months will be extended according to the regulation approved by express norm.

THIRD. Area extension requests will be considered as a new contract subject to

Rule approved by express rule, respecting pre-constituted rights to the main contract.

FOURTH. The contract renewal procedures that would have been submitted prior to the validity

of this Law, must be completed by the COMIBOL within the period of (6) six months after the publication of this Law.

QUINTA. The procedures for extension and renewal of the lease on the Cerro Rico de Potosí that are

are pending in the COMIBOL on bocaminas, levels and sinkholes, will be regulated by express rule, as it is a historical monument declared as a Cultural and Natural Heritage of Humanity.

FINAL PROVISIONS

FIRST. Except for the subscription of mining contracts established in this Law:

The reservation fiscal of the Uyuni salar;

The salars of: Coipasa, Chiguana, Empexa, Challviri, Grasses Large, Laguani, Capina, Laguna, Canapa, Kachi, Colorada, Collpa, Lurique, Loromayu, Coruto, Busch or Kalina, Mama Khumu, Castor, Coranto, Celeste,

Hedionda, Kara, Chulluncani, Hedionda Sud, Salares in Saucari, Sajama, and Sahama Sabaya;

Mining areas whose ownership is registered in the name of the COMIBOL;

Protected Areas.

SECOND. The Ministry of Mining and Metallurgy is in charge of preparing the procedure for the

subscription of the mining contracts, to be approved by Supreme Decree within a maximum period of thirty (30) calendar days, from the Publication of this Law.

ABROGATORY AND REPEAL PROVISION

ONLY. All provisions contrary to this Law shall be abrogated and repealed.

Remit to the Executive Body for constitutional purposes.

It is given in the Session Room of the Plurinational Legislative Assembly, to the twenty-nine days of the

of April

year two thousand thirteen.

Fdo. Lilly Gabriela Montano Viana, Betty Asunta Tejada Soruco, Andres Agustín Villca Daza, Marcelina

Chavez Salazar, Marcelo Elio Chavez, Angel David Cortez Villegas.

Therefore, I enact it so that it is as Law of the Plurinational State of Bolivia.

Palace of Government of the city of La Paz, on the first day of May of the year two thousand thirteen.

FDO. EVO MORALES AYMA, Juan Ramon Quintana Taborga, Mario Virreira Iporre, Daniel Santalla Torrez,

Amanda Davila Torres.