Investors Handbook. A Legal Guide to Business in Georgia
b) Mining of minerals;
b1) Handling a mineral deposit or processing minerals;
c) Utilization of the remains of mining enterprises;
d) Use of underground spaces, as well as building and exploitation of such underground
facilities (including facilities for storage of industrial wastes from oil and natural gas pro-
duction and wastewater) that are not related to extraction of useful minerals;
e) Gathering geological, mineralogical, paleontological collections for museum exhibits.
(The Law on Minerals, Article 6, Paragraph 1)
A license for the use of minerals does not cover oil and natural gas resources.
Usually, an application for a mineral use license is issued for a definite term, specifically for a
period of 5 to 45 years.
The terms are specified in accordance with the types of use:
a) For minerals used for energy purposes up to 45 years;
b) For mines of black and colored metals up to 40 years;