Industry Minister Martin Kuba introduced a “large” draft amendment to the mining law yesterday that would raise the fees for mining state-owned natural resources by an average of 150%. The amendment would also reintroduce the possibility for the state to confiscate land for the purpose of mining strategic resources. /We expect CEZ should currently pay of about 300 mln. CZK per year and NWR currently pays of about 150 mln. CZK annually. According to the amendment, the fee should rise to 750 mln. CZK for CEZ and to 375 mln. CZK for NWR since 2014. Industry Minister has been indicating such an intention to raise this fees couple month ago but did not specified an expected size. We consider such a raise of the fees as NEUTRAL for both companies as the size is still relatively negligible compare to sales of both companies with limited impact on earnings, especially in case of CEZ.