Natural Resources in Georgia
Georgia is rich with different types of valuable mineral resources.
395 solid mineral deposits have been already discovered.
Benefits of Mining in Georgia
General Mining Cycle in Georgia
Licenses are award- ed through Open Auction Procedures
The initial auction price for explora- tion activities is GEL 50 (20 USD) per hectare;
Licensing area is multiplied by GEL 50.
In case calculated price is less than GEL 10,000, auction price is still set as GEL 10.000.
Up to 5 years
Estimation of mineral resources should be done according to JORC Code, which must be approved by the relevant commission. After approval, license holder will pay one term fee to Commission for approving reserves
Within 3 months
Terms might vary according to miner- al types
The exploitation term includes exploration term as well
After approval of reserves, exploita- tion plan must be submitted to the Agency
Based on exploita- tion plan, fixed royalty and regula- tion fee will be paid
Up to 40 years
Reclamations must be done according to Mine Closure Plan;
Defined licensing conditions should be fulfilled
End of the license
Exploration/exploitation license can be issued up to 45 years;
Regulation fee per gram for Gold is 0.56 USD; per ton for Copper 47.63 USD
Fixed royalty per gram for Gold is 1.12 USD; per ton for Copper 95.37 USD