Taadeen Platform
Service channels5000 SAR
Application Fee5000 SAR
Issuance Fee5000 SAR
Renewal Fee- Description
- Service duration
- Service Requirements
The exploration license gives the investor the right to explore for specifiers minerals in the specified area through surface mining and geophysical/geochemical analysis.
The license for minerals of categories (A) and (B) is issued for a period of 5 years, renewable for periods not exceeding 5 years each, provided that the total duration of the license and its renewal does not exceed 15 years.
The license for minerals of category (C) is issued for a non-renewable period of one year.
- The license for minerals of categories (A) and (B) can only be renewed, and the application must be submitted at least (30) days prior to the expiration of the license.
- Provide a plan for managing the environmental and social impact (the plan is updated upon license renewal request).
- A plan to manage the social impact of activities that include contributing to the development of local communities.
- Commitment to the minimum spend on exploration.
- Financial solvency and feasibility study.