Saudi Arabia: Up to Two Years in Prison for Exploiting Mineral Deposits Without Licence
Aleqtisadiya, 16 October 2022: The Saudi Mineral Resources Ministry has launched a public consultation on draft executive regulations providing for a punishment of up to two years in prison for those exploiting mineral deposits belonging to the National Centre for Competition.
Anyone guilty of exploiting such deposits without a licence could also face a fine of up to 1,000,000 Riyals and be ordered to return any proceeds.
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