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On 6 April 2016, the Cabinet of Ministers of Ukraine by Resolution No. 277 changed the Rules for sale of exploration licenses or mining licenses and Rules for grant of mineral rights (the Changes). These recent Changes provide, inter alia, for more transparent rules for mineral blocks auctioning and sale. As a result of these Changes, the list of license suspension or reinstatement events is clarified, list of regulatory authorities in the mineral industry becomes more limited, and requirement to have the exploration report confirmed by eligible professionals is abolished.
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