The mining industry received with concern the amendments introduced by Provisional Executive Acts no. 789/2017, 790/2017 and 791/2017, published yesterday, especially due to the changes in the basis for calculating CFEM (royalty). The changes also include the creation of the National Mining Agency, new terms for the mineral research and criteria changes regarding mining concessions requests, fines and penalties.
Considering that the amendments introduced are complex and will directly affect the sector, Sion Advogados is dedicated to an in-depth analysis of its consequences and will shortly present its considerations.