Investment
code The main objective of the new Mauritanian investment
code, approved in 2002, is to encourage investment
in Mauritania and to secure and facilitate the administrative
process required. The new code does not only lay the
principle of free transfer and repatriation of investment
funds, but it also established additional privileges
and incentives, in the fiscal and customs regimes
amongst others, through a system called “Points
Francs”. The law regarding the standard mining
contract Mining permits regulated by the Mining Code
dated 1999 are issued with a standard mining contract
entered into by the recipient of the permit on the
one hand, and the State of Mauritania the other hand.
Terms and conditions included in the standard mining
contract in respect of the exploration permit will
also be applicable to the exploitation or production
permit to be issued in due course on all or part of
the initial exploration permit. The decree conferring
title to the mining permit will also confer approval
of the mining contract. The law dated 2002 presents
the terms and conditions of the standard mining contract.
The 2004 Decree relating to Environmental Impact onsible
for environment; examples of such activities are those
relating to petroleum exploration or production. The
Minister’s opinion is based on an environmental
impact notice or an environmental impact assessment,
the terms of which are described in the 2004 decree,
and which will assess the potential impact on the
environment of the activity to be undertaken.
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