Annual mining taxes were last raised in July 2013.
The annual tax on mining prospecting will be increased to RON341 per square kilometer from RON320, the annual exploration tax will be raised to RON1,367 per square kilometer from RON1,280 and the annual exploitation tax will be hiked to RON34,180 per square kilometer from RON32,000.
The Government expects the new taxes will trigger an annual increase in budget revenues of RON0.9 million.