One year extension of exploration permits due to COVID-19 presented to Riksdag
To mitigate the impacts of COVID-19, on 11 June the Government presented a government bill to the Riksdag that entails giving exploration companies an additional year to carry out their work.
The proposal concerns exploration permits that have been extended in accordance with the final stage for extension and are valid on 1 July 2020. The proposal covers approximately 30 companies and extends the maximum period of validity for exploration permits from 15 years to 16 years.
The proposal does not cover exploration permits for coal, oil or gaseous hydrocarbons.
The proposal has been examined by the Council on Legislation, which raised no objections. The Swedish mining and mineral industry is of major importance to Sweden as a country, both in a regional and local perspective, but also beyond Sweden’s borders. It is a matter of the supply of raw materials, welfare and the development of new technologies for a green transition.
“Exploration is important in increasing knowledge about what is in the ground and ultimately for society to be able to use the resources we need for development and the green transition,” says Minister for Business, Industry and Innovation Ibrahim Baylan.
It is proposed that the legislative amendments enter into force on 1 July 2020.