MINING SECTOR REGULATIONS IN TERMS OF INTERNATIONAL LAW

Abstract

The importance of natural resources in human life is known to everyone. Mining activities are indispensable for modern life. The healthy development of mining, which is an economic activity, requires, above all, a constructive and appropriate legal infrastructure. Legislation is one of the primary factors affecting the mining sector, which constantly interacts with nature and society. The United Nations is closely interested in world energy and oil problems. Among the members of the United Nations, developing countries have the majority in numbers compared to industrialized countries. These underdeveloped countries use the United Nations as a forum to share their opinions on issues such as sovereignty over their mineral resources or the application of national law in investment-related disputes between foreign states and multinational companies. This study evaluated the mining sector in terms of international legislation. This research considers international agreements related to mineral exploration and exploitation that are important for global operators. The mining status in international agreements has been analyzed, emphasizing the increasing amount of multilateral environmental agreements. In addition, the challenges posed by the principles of sustainable development for the mining sector and the development of international mining law are explored.