Proposal to create the National Management System for State Mining Income
Since 2019, the Ministry of Energy and Mining, the Ministry of Finance, the Ministry of Economy, Planning, and Development, and the Ministry of Environment and Natural Resources have been discussing a new law for the creation of a National Management System for Mining Income received by the State.
This law’s goal is to define the use, administration, execution, monitoring, evaluation, and control of income collected by the State from mining resources exploitation. It also aims to establish an institutional framework and relevant management mechanisms.
Finally, this National Management System looks to ensure the highest level of transparency, effectiveness, and efficiency of State Mining revenue use and investment.
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