Mining Permit Terms

Terms and Conditions

Separate exploration and production contracts are required. After a discovery is made, a company can implement a small mine development project while approval is sought and granted for a full development/production agreement.

  1. Term in years for an Exploration Concession? 3 years first period, renewable twice.

  2. Minimum exploration expenditure in US$ per year? Expenditures are calculated over a three-year period. The minimum expenses accepted are 15,000 MRU/Km2 (circa USD375/Km2) for all groups except group 5 which are set at 7,500 MRU/km2 (circa USD188/Km2). 

  3. Financial qualification to be able to get a concession? Any applicant who has fulfilled the conditions required in article 14 (new) of the mining and quarry titles decree.

  4. Any fees due upfront to get a concession? These are set at 1,000,000 MRU (circa USD25,000) for all groups except group 5 (500,000MRU) (circa USD12,500).

  5. What technical data is included when you sign for a concession? The granting of a permit does not give the holder the right to have the data that already exists; it gives him the right to carry out research work within the scope of his permit.

Tax Incentives

Exemption of products intended for mining exploration and extraction:

  • Zero (0) VAT on mining exports

  • 3-year tax holiday for companies in the operating phase

  • No obligation for a consortium with a Mauritanian national for foreign investments