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License Relinquishment

The Relinquish license service allows the license owner to cancel and withdraw from the rights and obligations of the license, thereby ceasing the authorized mining activities.

Description

Relinquish license allows the license owner to partially or completely abdicate the license along with its rights and obligations associated with mining activities. This requires submitting an official request to cancel the license and providing reasons for relinquishing it. The aim of this service is to provide an opportunity for the owner to relinquish the   if it is undesirable or for any other reason that necessitates discontinuing the authorized mining activities.

Companies

Target audience

Taadeen Platform

Service channels

Payment Channels

None SAR

Fees

30 for application processing

Service duration
  • Description
  • Submission method
  • Service Requirements
  • Service Terms

Relinquish license allows the license owner to partially or completely abdicate the license along with its rights and obligations associated with mining activities. This requires submitting an official request to cancel the license and providing reasons for relinquishing it. The aim of this service is to provide an opportunity for the owner to relinquish the   if it is undesirable or for any other reason that necessitates discontinuing the authorized mining activities.

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Eligibility:

  • The license holder must have an active exploration or exploitation license.
  • The relinquishment request must align with regulatory guidelines.

Documentation:

  • Completed relinquishment application form.
  • Relevant geological records, samples, and technical data associated with the relinquished site or minerals.

Financial Obligations:

  • No specific fees are associated with relinquishment, but all pending payments must be paid.

Return Required Records:

  • Submit all relevant data, including geological studies, drill samples, analysis results, and reports related to the relinquished area or minerals, within 180 days of the Ministry's approval.
  • All data, samples, and reports related to the relinquished license must be returned to the Ministry within 180 days of approval.
  • The licensee remains responsible for environmental compliance and site rehabilitation as per the license terms before final approval of the relinquishment.