OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 4 Year No . 47 JADDIS ABABA - 23rd June , 1998 CONTENTS Proclamation No . 118 / 1998 ገጽ ፯፻፸፩ | Mining ( Amendment ) Proclamation . . Page 771 PROCLAMATION NO . 118 / 1998 A PROCLAMATION TO AMEND THE MINING PROCLAMATION WHEREAS , it has become necessary to amend the Mining Proclamation ; NOW , THEREFORE , in accordance with Article 55 ( 1 ) of the Constitution of the Federal Democratic Republic of Ethiopia , it is hereby proclaimed as follows : 1 . Short Title This Proclamation may be cited as the “ Mining ( Amend ment ) Proclamation No . 118 / 1998 . " Amendment The Mining Proclamation No . 52 / 1993 is hereby amen ded as follows 1 . Article 40 of the Proclamation is deleted and replaced by the following new Article 40 : “ 40 . Rates of surface rentals agreed upon , with investors , in the Mining Agreements before the issuance of this Amendment Proclamation shall remain unchanged . ' ' 2 . Article 46 sub - Article ( 1 ) ( as amended ) is hereby further amended as follows : Unit Price 2 . 300 www . AfricanLawArchive . com * * * The African Law Archive * * * www . AfricanLawArchive . com “ 1 . The power to issue artisanal mining , prospec ting , exploration and small - scale mining as well as construction minerals mining licenses undertaken exclusively by domestic investors is vested in the National / Regional states ; while licenses for all other mining operations shall be issued by the Ministry , subject to directives to ' be given by the Council of Ministers in respect of combined and mining licenses . ' ' 3 . Sub - Asticle 2 ( 1 . of Article 46 is deleted and replaced by the following tew sub - Article 2 ( f ) ? " f the Ministry ishall have the power to collect IT and audit royalties and other payments on large - scale mi This Proclamation shall come into force as of the 23rd day . . . ! _ { . . ፡ ፡ - . ÷ ÷ ' ÷ - ÷1 ፣ 2 Pone at Addis Ababa , this 234 day of June , 1998 . PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF KTHIOPIA ! [ 59SH . . በ0iJfloorሃነ ፣ istribበ52 ) 3iilt . 1 ! 1 1 ÷¥ . . . . . . . , ፧ ፡ ፡ operations ti H BERHANENA SELAM PRINTING ENTERPRISE is a n www . AfricanLawArchive . com * * * The African Law Archive * * * www . AfricanLawArchive . com