After the rejection of information from Parliament today I should know .. 10 Mineral Resources Law rejectionriˈjekSHən Definitions of rejection noun the dismissing or refusing of a proposal, idea, etc.. the union decided last night to recommend rejection of the offer synonyms: refusal, declining, turning down, dismissal, spurning; repudiation, rebuff, spurning, abandonment, desertion, brush-off, forsaking See also rejection letter Translations of rejection noun le rejet rejection, reject, denial, repudiation, repulse le refus refusal, rejection, rebuff, repulse
House of Representatives rejected during its plenary session, held on Sunday, a decision President of the Arab Republic of Egypt by Law No. 198 of 2014, the issuance of Mineral Resources Law, and came percentage of the vote to reject the 180 deputies of the law, as opposed to the approval of 164 deputies it, with 14 deputies abstaining.
This is due to the Council to settle the legal effects of this law since its release and yet, here displays “parliaments” 10 information you should know about Mineral Resources Law:
1-approved by the Council of Ministers, it was approved by the Department of the legislation of the State Council, which includes oil and gold, quarries, mines and salt works the fields of activities, including the new law 34 articles in The mineral ores in mines and quarries and salt works except for nuclear materials and radioactive isotopes.
2-law guarantees to maximize the value added, and increasing the financial returns of the state of mineral wealth, and by amending the rental fees and royalties for mining ores in force since 1956, which has not undergone any change in accordance with the prices of raw materials to global markets.
3-works to stimulate and attract investment in this sector, as well as provide for the needs of the country’s mineral resources, and the establishment of industrial mineral raw materials available on the projects, in order to optimize the economic exploitation of these resources.
4-allows administrators to control the mineral wealth body and Technical Supervision on mines, quarries and salt works ores, and the issuance of the necessary approvals for the provinces to engage in activity, with an emphasis on strict control over the proper utilization of mineral wealth.
5-Article the first in which the non-compromising in the Egyptian maritime rights in the region, in accordance with international conventions and bilateral treaties in force, the law covers minerals and ores mines, precious stones and the like, and rocks and layers of mineral, chemical and sediment, mineral water emerging from the ground, if exploited the purpose of extracting minerals of them, and evaporative salts.
6-attacked the owners and miners, the executive regulations of the new Code of Mineral Resources, and adopted by the Council of Ministers, said the mine owners in their attack that the list has not been submitted to them prior to their adoption and that they passed in secret.
7-declared quarries and workshops Marble owners in Cairo and a number of provinces stopped working, an objection to the executive regulations of the law of Mineral Resources issued before more than a month, and objected quarry owners on what they called the “cost-exaggerated”, endorsed by the law permits and renewal of licenses and fees Rental quarries.
8-prominent material objectionable quarry owners, stipulates that the work of the retina area of the mountain you want to get crude from him, and did not look at the ratio of the deceased and the layers of sediment formed over thousands of years, and that the law a fine of up to 5 million pounds for each of the exceed even one meter outside the quarry where he works, which is difficult in the profession in the opinion of quarries and workers, because they are using Oonacha and carrying large pieces of raw blocks that require large areas, how is encroachment on the Nile sentence of 50 thousand pounds, while infringement of one meter in the desert sentence 5 million ?!
9-placed law many of the fines and fees, taxes and royalties on the quarry owners to comply with the performance of the agreed rental value and royalty in the mines: and in Article 10, which states that lead licensee annually Authority for space license rental value and royalty store, devolve to the State Treasury, Board of rental value due management determines annually paid by the licensee for all exploitation of ore mining license, and paid annually in advance and may be for the Board of Directors every two years modifying the rental value referred to, according to the variables of the world price of crude, that the license issued to the licensee that includes the limits of the ratio, which It can be adjusted to this value.
10-There are 38 items in the Regulations represent unfair owners of quarries damage, they said, most notably the imposition of a royalty rate of up to 13% of the production, in addition to increasing rental fees and the development of retinal space that held accountable quarry owners on what has been deducted from the mountain, arguing that Regulation Executive will have a negative impact on the development of Egypt, and that it would cause an increase in imports and limited export and threaten the closure of factories, to some extent