Home
\
Economy
\
Turkmen Entrepreneurs to Embark upon Mine Development
Economy
Turkmen Entrepreneurs to Embark upon Mine Development
Published 12.04.2017
2480

Targeting the local industrial sectors at deep development and industrial exploration of the country’s natural resources, President Gurbanguly Berdimuhamedov stresses the necessity of the more active engagement of the Union of Industrialists and Entrepreneurs in this work through offering certain incentives to the enterprises involved in the development of underground treasures. Entrepreneurs focus on exploration of mineral deposits and production of import substitutes, export-oriented products from local minerals. Turkmenistan’s Law “On Mining” reads that “Mineral deposits and resources contained therein, preserved as in natural condition throughout Turkmenistan, including the Turkmen sector of the Caspian Sea, are national heritage resources of the people of Turkmenistan; the exclusive property of the state, and only leased by the state.” The Law also reads that the sections of deposits cannot be purchased or sold; donated; inherited; deposited; pledged; or disposed of in any other form. The right over deposits and their resources, as well as the right define the user of the deposits belong to the Cabinet of Ministers of Turkmenistan.

Last news
02.09
Winter Wheat Sowing Begins in Turkmenistan
02.09
The President of Turkmenistan congratulated the King of Norway
02.09
The President of Turkmenistan congratulated the President of the Socialist Republic of Vietnam
01.09
President Serdar Berdimuhamedov took part in the opening ceremonies of new complexes of buildings of higher educational institutions
31.08
The President of Turkmenistan congratulated the President of the Republic of Uzbekistan
31.08
The total amount of transactions at the SCRMET auctions amounted to more than 7 million 274 thousand USA dollars
31.08
The President of Turkmenistan congratulated the leadership of Malaysia
31.08
The President of Turkmenistan congratulated the President of the Kyrgyz Republic
30.08
The President of Turkmenistan received the Minister of Foreign Affairs of Japan
30.08
The President of Turkmenistan sent condolences to the King of Norway
top-arrow