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Mining Legislation in Russia: 

Paul Drager Macleod Dixon LLP tel:  403.267.8261 fax:  403.264.5973 e: paul.drager@macleoddixon.com Presentation Title : To change the picture on this slide, double-click it and choose an image from the MD Pics category in ClipArt. To remove the picture, click on it and press Delete. Mining Legislation in Russia Presentation to CERBA Toronto CANADA Wednesday 09 March 2005

Mining Legislation in Russia: 

Mining Legislation in Russia Amendments introduced in subsoil legislation Who are the Subsoil Authorities? One Key instead of Two New Procedures of Auctions/Tenders Issuance of Subsoil Use Licenses Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide.

Mining Legislation in Russia: 

Mining Legislation in Russia Extension of a Geological License Conversion of a License How Much Should an Investor Pay the State for Previously Completed Exploration Works? What constitutes a Discovery? Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide.

Mining Legislation in Russia: 

Mining Legislation in Russia You can Spend Your Exploration Money, but is there a following Production License? Subsoil Areas (with exceptions) The exceptions State Expertise of Reserves [NEW PROCEDURE] Short Term Right of Subsoil Use [NEW PROCEDURE] Declassification of data relating to reserves of platinum, metals of platinum group and diamonds Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide.

Mining Legislation in Russia : 

Mining Legislation in Russia Amendments introduced to currency legislation General overview Three-year Term Loans Passport of Transaction Conclusion Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide.

Macleod Dixon LLP: 

Macleod Dixon LLP 240 legal professionals in seven offices around the globe. Headquartered in Calgary, Alberta – in the heart of the Canadian energy industry. Macleod Dixon LLP is one of Canada’s largest international law firms. Macleod Dixon LLP operates via a closely linked network of international offices in Calgary, Toronto, Moscow (Russia), Almaty and Atyrau (Kazakhstan), Caracas (Venezuela), and Rio de Janeiro (Brazil).