Abstract
Results of the works for diamonds, precious, and base metals under licenses granted according to the "declarative principle" on the territory of the Russian Federation since the start of the mechanism application are presented. The key aspects are reflected of changing the normative regulation of this mechanism. Information is provided on the projected costs and actual financing of the works; on the number of the licenses issued; and on the increase in the mineral reserves of diamonds, precious, and base metals. Problems of the mechanism implementation are determined, and recommendations for their fixation are proposed.
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