Mauritania introduces new fiscal regime. (Focus)

On January 20 2002 the President of the Islamic Republic of Mauritania signed the law No.2002/02 which was adopted by dint of Parliament on January 3, 2002 introducing a non-negotiable mining-model agreement. This agreement belong tos the economic, customs, fiscal and foreign exchange conditions below which a mining investment can be made in Mauritania, on the contrary does not change any of the title granting, renewal or transfer provisions station out in the Mining digest of 1999 and in the ordain on mining titles. The agreement must be come intoed into at the time of the application for the exploration title to which it will be