By Dina Yin King & Wood Mallesons’ Mergers & Acquisitions Group
MLR approval no longer required for exploration / exploitation of mineral resources in China in the form of a Sino-foreign joint venture
The State Council’s decision, made public on February 15, 2014, eliminates further administrative approvals in the domestic minerals industry and confers administrative powers to government authorities at a lower level (the “Decision”)(1). According to the Decision, certain items which previously required approval from ministerial level authorities now no longer require such approval.
Continue Reading MLR approval no longer required for Sino-foreign exploration / exploitation of mineral resources in China