The Minerals Law31 Dec 2018 00:42
A proposed change:
1.3 Proposal for a law on amendments to the Mining Act (1991: 45) This prescribes, in the case of the Mineral Act, Chapter 4 of the Act on the Mining Act. Section 6 shall read as follows:
"Current wording Proposed wording
Chapter 4 Section 6 The concessionaire shall be required to provide security in order for his obligations under Chapter 13. Section 4 must be fulfilled if there are no special reasons for anything else. If the security is insufficient, the County Administrative Board may decide that additional collateral shall be provided. "
" The concessionaire shall be required to provide security in order for his obligations under Chapter 13. Section 4 must be fulfilled if there are no special reasons for anything else. If the security is insufficient, the County Administrative Board may decide that additional security shall be provided. Security according to the first paragraph need not be made by the person who is obliged to provide security under the Act (0000: 00) on financial collateral for mining operations. "
With thanks to Brain Tec on Avanza.