By Mahlet Mesganaw, Partner at DMLF
The Transaction of Minerals Ratification Proclamation No1144/2019 governs the transaction of Minerals resources after production. The Proclamation covers all transactions of minerals produced from all mining operations conducted in Ethiopia. We shall briefly look into the competency requirements, Licenses required, eligibility and duration of Licenses obtained.
Certificate of Competence
To transact minerals, a person has to qualify to carry out the trade. The following certificates of competence(CoC) may be requested and upon fulfillment of the requirements, issued : a) mineral supplier coc, b) mineral crafting coc, c) mineral refining coc, d) mineral smelting coc, d) mineral transaction coc and f) mineral export coc.
Licenses
Any person who wishes to trade in minerals shall present a coc and shall be issued with the following License : a) mineral supplier licenses b) mineral crafting license,c) mineral refining license,d) mineral smelting license, d) mineral trade license and e) mineral export license.
Eligibility
Among the Licenses referred above, mineral supplier license or gold and silver smelting license shall not be issued to foreign investors. A holder of a mining license shall not be issued with a supplier licence. Similarly for coc, mineral transaction or export certificate of competence shall not be issued to foreign investors.
Duration and Renewal
Any license or coc shall be valid for one year from the date of issuance subject to renewal upon fulfillment of the requirements.
For any Mining related inquiries, you may contact us at info@dmethiolawyers.com
By DMLF Team The Ethiopia Commercial Code Proclamation Number 1243/2021 defines a joint venture as a business organization established by an agreement among two or more persons. Joint venture has no legal personality and its existence is unknown to third parties. Registration formalities required of other business organizations do not apply to a joint venture. …
By DMLF Team In Ethiopia’s judicial system, the decisions made by the Federal Cassation Bench, comprised of five judges, hold binding authority over all courts in the country. This principle is established under Proclamation No. 454/1997 and has been practiced for nearly two decades. Later, Proclamation No. 1234/2013 reaffirmed this binding effect in Articles 10(2)…
By DMLF TeamIn Ethiopia franchise agreement is governed by Commercial Registration and Business Licensing Proclamation (here in after CRBLP), investment law, IPRs protection laws, civil code etc. ‘Franchise agreement’ is defined under the Commercial Registration and Business Licensing Proclamation No. 980/2016 and its amendment No. 1150/19. Accordingly, ‘franchise agreement’ is defined as: an agreement concluded…
By DMLF Team The Ethiopian Parliament has approved a significant “Banking Business Proclamation,” This Proclamation cited as the “Banking Business Proclamation No.1360/2024”.which allows foreign banks to operate within the country, marking a trans-formative change in Ethiopia’s financial sector. This legislation provides various pathways for foreign banks to establish a presence, including opening subsidiaries, branches, or…
By DMLF Team The Federal Court Fee Regulation has undergone its first amendment in 72 years, replacing the previous regulation from the era of the Emperor. The new regulation, numbered 1/2024, updates the court fee structure established in 1945 under Regulation no. 177. It is effective immediately upon publication in the Federal Negarit Gazette. This…
By Sinishaw Hailu, Associate at DMLF Ethiopia, on December 5,2024, introduced a groundbreaking legal framework to govern real estate development, property marketing, and valuation. The law is known as Real Estate Development and Real Property Marketing and Valuation Proclamation No. 1357/2024. This new law aims to ensure accurate and reliable price information for property owners…
