Compensations and collateral

The exploration permit holder must pay annual compensation (exploration fee) to the owners of land included in the exploration area.


The annual amount of the exploration fee per property is:

1) €20 per hectare per year for the first  four years of validity of the exploration permit;

2) €30 per hectare per year for the fifth, sixth and seventh year of validity of the exploration permit;

3) €40 per hectare per year for the eighth, ninth and tenth year of validity of the exploration permit;

4) €50 per hectare per year for eleventh and any further years of validity of the exploration permit.


The exploration permit holder must deposit collateral for the purpose of offsetting potential damage and inconvenience and performing rehabilitation measures, unless this can be deemed unnecessary considering the quality and extent of operations, the special characteristics of the operating area, permit provisions issued for the operations and the applicant's solvency.


The type and amount of collateral is determined by the permit authority. The amount of collateral must be revised, if necessary, when the mining permit is reviewed in accordance with section 62 of the Mining Act, the ore prospecting permit, mining permit or gold panning permit is amended in accordance with section 69 of the Act or the period of validity of the permits is extended in accordance with section 61, 63 or 65 of the Act.


The collateral must be deposited with the mining authority. The costs necessary for the performance of the obligations laid down in the Mining Act or those prescribed in the permit in question can be paid from the collateral.


The mining authority will release the collateral once the permit holder has fulfilled its obligations under the Mining Act or the permit. Partial release of the collateral is also possible.