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Plateau Energy Metals Inc. PLUUF

Plateau Energy Metals Inc is an exploration stage company. The company is in the process of acquisition, and exploration, and evaluation of mineral properties in Peru. It is principally engaged in the exploration for uranium on its properties located in the Macusani plateau region of southeastern Peru and the Falchani lithium project.


GREY:PLUUF - Post by User

Comment by juanPeruon Jun 26, 2019 1:37pm
127 Views
Post# 29865839

RE:Right of Validity and Penalty

RE:Right of Validity and PenaltyThanks didingdeep. But after reading the info it seems to me that the exact amounts vary almost every year with the promulgation of a specific legislative decree. For example, this year's decree says the following:

(...) from the first semester of the eleventh year computed from the year following the one in which the mining claim was granted, the concessionaire must pay a penalty equivalent to 2% of the minimum annual production required per year and per hectare effectively granted, until it complies with the minimum annual production or investment.
 
If the minimum production is not obtained at the expiration of the fifteenth year computed from the year following the one in which the mining claim was granted, the concessionaire must pay a penalty equivalent to 5% of the minimum annual production required per year and per hectare. granted effective, until it meets the minimum annual production or investment.
 
If the minimum production is not obtained at the expiration of the twentieth year computed from the year following the one in which the mining concession title was granted, the concessionaire must pay a penalty equivalent to 10% of the minimum annual production required per year and per hectare granted. effective, until it meets the minimum annual production or investment.
 
If the minimum production is not obtained at the expiration of the thirtieth year computed from the year after the one in which the title was granted, the mining concession expires.

https://busquedas.elperuano.pe/normaslegales/decreto-legislativo-que-modifica-la-ley-general-de-mineria-c-decreto-legislativo-n-1320-1470542-2/
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