The Saudi Mining Services Company (Esnad), in collaboration with the Ministry of Industry and Mineral Resources, is committed to empowering investors and raising awareness of the requirements and procedures for mining investment. In this context, a virtual workshop will be held on the financial provisions outlined in the executive regulations of the Mining Investment System – Category C, along with an explanation of all aspects related to financial guarantees.
Workshop Objectives :
- Clarify Financial Requirements and Enhancing Financial Compliance.
- Explaining the Mechanism for Calculation Financial Compensation and Surface Rent.
- Explaining all Aspects of Financial Guarantees.
- Overview of the Mining Investment System and Its Executive Regulations.
- Obligations of the Licensee According to the Provisions of Chapter Four of the Regulations.
- Terms and Conditions for Exporting Minerals and Ores.
- Financial Guarantee for Exploitation Licenses.
- Bank Guarantee.
- Mechanism for Releasing the Bank Guarantee.