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Mining Patent Payment Deadline: April 3, 2023.pdf

Corporate-Alert-Payment-of-2024-Mining-Patents.pdf
Preview of Mining Patent Payment Deadline: April 3, 2023
🔗 Source: ppolegal.com
📊 Size: 107 KB
👤 Author: Andrea Aguilera Adad
⬇️ Downloads: 55

Summary

- Mining Patent Payment Obligation: Mining rights holders must pay for their Mining Patents in advance for the ongoing management, as per Law No. 535 of Mining and Metallurgy. Non-compliance may result in loss of mining rights.
- Payment Amounts: Updated annually based on the Housing Promotion Unit (UFV). A 100% increase applies if original mining rights exceed five years. Payments must be made by April 3, with amounts in Bolivian Bolivianos (BOB) as follows:
- Prospecting & Exploration License: 404 BOB per grid
- Administrative Mining Contract (up to 30 grids): 497 BOB per grid
- Administrative Mining Contract (31-40 grids): 622 BOB per grid
- Administrative Mining Contract (41+ grids): 746 BOB per grid
- Payment Methods: Through the Jurisdictional Administrative Mining Authority's (AJAM) online system or in-person at AJAM service platforms nationwide.

- PPO Abogados: Bolivia's largest law firm, with over 120 professionals across La Paz, Santa Cruz, Sucre, Cochabamba, and Cobija. Specializes in corporate matters. Contact details provided.

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Description

In accordance with Law No. 535, mining titleholders must pay Mining Patents in advance of the 2024 management period. Failure to comply may result in loss of mining rights. Payment amounts are updated annually and increased by 100% for rights exceeding 5 years.

Technical Information

  • File Format: PDF
  • File Size: 107 KB
  • Pages: 3
  • Language: EN
  • Author: Andrea Aguilera Adad
  • Total Downloads: 55
  • Last Updated: 1 week ago

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This PDF document about Mining Patent Payment Deadline: April 3, 2023 provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Mining Patent Payment Deadline: April 3, 2023.

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