Bulgaria
Legislation
- Subsurface Resources Act 1999 (as amended)
- Environmental Protection Law 2002 (as amended)
Regulatory Risk Rating
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Corruption Exposure Risk
| Regulatory Risk Rating Factors | Risk Level |
|---|---|
| First Come / First Serve | Subscribe |
| Application Criteria | Subscribe |
| Duration | Subscribe |
| Right to Renew | Subscribe |
| Competing Licences | Subscribe |
| Mineral Coverage | Subscribe |
| Right to Mine | Subscribe |
| Criteria for Mining Rights | Subscribe |
| Tenure | Subscribe |
| Surface Rights | Subscribe |
Registration of a mineral discovery does not alter the surface ownership, nor the purpose and use of the surface land (Art. 74(1), SRA). Licences and Concessions grant the holder only the right to use legal and other resources to reach an agreement with the holder of land rights in the area (Art. 74(2), SRA). The agreement can either provide for a transfer of the land rights or the right of use of the land and shall set out the applicable terms and remuneration (Art. 75(1), SRA). In such cases, compensation must be determined on the basis of the damages caused as a direct result of the activities undertaken (Art. 76(1), SRA). If upon the expiry of a Licence or Concession, the land can no longer be used for its purpose prior to mining or exploration, then the property shall be expropriated in accordance with the applicable laws on expropriat
Contents
Legislation
- Subsurface Resources Act 1999 (as amended)
- Environmental Protection Law 2002 (as amended)
Regulatory Risk Rating
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Corruption Exposure Risk
Overview
Bulgaria’s mining sector is an important economic contributor, and the country has one of the more active industries in Europe. The sector is responsible for around 5% of Bulgaria’s GDP and various minerals, including copper and petroleum, are amongst the main exports. Some of the minerals currently mined in the country are copper, coal, lead, zinc, gypsum, polymetal ores, bentonite and kaolin. There has been increased interest and investment in Bulgaria’s mining sector in recent years. Canadian mining company, Dundee Precious Metals has several mining and exploration projects in the country and is the current operator of the Chelopech mine – one of Bulgaria’s largest gold mines. Bulgaria is amongst the top three European producers of copper, gold and lignite.
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