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Uruguay

Legislation

  • Mining Code 1982 (as amended)
  • General Mining Regulations 1982
  • Large-Scale Mining Law 2013
  • EIA Law 1994
  • EIA Regulations 2005

Regulatory Risk Rating

Severe
Regulatory Risk

Regulatory Corruption Risk

Extremely High
Regulatory Corruption Risk

Corruption Exposure Risk

Low
Corruption Exposure Risk
Regulatory Risk Rating Factors Risk Level
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Mineral Coverage Subscribe
Right to Mine Subscribe
Criteria for Mining Rights Subscribe
Tenure Subscribe
Surface Rights Subscribe
Government Take Subscribe
Transfer Rights Subscribe
Change of Control Subscribe
EIA Process Subscribe
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Uruguay’s mining law is not particularly comprehensive or sufficiently detailed to be considered an appropriate framework for regulation of modern mining projects. Rather than reform it, a supplementary law was passed for large-scale projects which essentially circumvents the mining law and requires the negotiation of an entirely separate agreement with the State on the development and operating terms subsequent to discovery. Under this structure, risk rises exponentially at the point where an explorer attempts to obtain exploitation rights. Assuming that one survives this critical juncture, legal risk thereafter will be determined not by the underlying law, but by the quality of the agreement negotiated.

Contents

Legislation

  • Mining Code 1982 (as amended)
  • General Mining Regulations 1982
  • Large-Scale Mining Law 2013
  • EIA Law 1994
  • EIA Regulations 2005

Regulatory Risk Rating

Severe
Regulatory Risk

Regulatory Corruption Risk

Extremely High
Regulatory Corruption Risk

Corruption Exposure Risk

Low
Corruption Exposure Risk
Regulatory Risk Rating Factors Risk Level
First Come / First Serve Subscribe
Application Critiera 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
Government Take Subscribe
Transfer Rights Subscribe
Change of Control Subscribe
EIA Process Subscribe
Power to Revoke Subscribe
Age of Legislation Subscribe
Other Factors Subscribe

Overview

According to USGS, the mineral industry of Uruguay has been dominated by the production of crude steel, gold, industrial minerals and petroleum refinery products, though natural gemstones have also been produced. The mining sector has not been a major contributor to GDP and the mineral potential of the country has not long been recognised or sufficiently explored. There has also been a fairly high level of resistance to mining in the country, particularly in relation to potential large-scale iron ore projects. 

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