Prime Minister’s Office Issues a Ministerial OrderRegarding Gold and Minerals Companies

The Prime Minister’s Office has issued a Ministerial Order to the Ministry of Trade concerning the registration and licensing of companies specializing in gold and minerals, based on the decision of the Ministerial Order (No. 24349 Ref. 2487363) on 19/08/2024.

Licensing Conditions for Gold and Minerals Companies: No company specialized in gold and minerals can be established without the Managing Director obtaining a license. This license allows to practice refining, smelting, and trading in such materials, with a validity period not exceeding five years.

Restriction on Management Roles: Authorized managers are prohibited from simultaneously serving as managers for more than one company with the same type of activity.

The Order emphasizes the need for compliance with these instructions and calls for immediate implementation to regulate activities within the gold and minerals sectors effectively.

Issued by: Ali Razoqi Al-Lami

Acting Director of the Prime Minister’s Office

29/12/2024

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