Simply put, without compliance to the requirements of the Mining Charter, the Department of Mineral Resources (DMR) would not issue mining permits to companies intending to mine South Africa's mineral resources. The Mining Charter was revised in 2010, and the third iteration was implemented in 2018. Essential Components of Mining …
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The enforcement of these principles cannot be the sole responsibility of the mining company; commercial pressure and empowered regulators also have their roles in leveraging mining as a development tool. ... against Chinese state-subsidized companies that do not adhere to the more stringent ESG standards or anticorruption requirements …
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A survey conducted on 432 firms from the Mining Equipment, Technology and Services (METS) sector in Australia, in 2015, revealed that for 63% of these companies innovation was core to their business strategy, driven mainly by a customer-focused vision, the necessity of staying ahead of the competition and direct solutions …
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Possession of the necessary legal title or ownership rights to explore and/or mine. This guide will provide you with: An overview of the key stages of the process and an …
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Mining Laws and Regulations China 2024. ICLG - Mining Laws and Regulations - China Chapter covers common issues in mining laws and regulations – including the acquisition of rights, ownership …
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A Mining Permit; A mining permit is granted in terms of section 27(6) of the MPRDA. A mining permit may only be issued if the mineral in question can be mined optimally within a period of two years; and the mining area does not …
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MSHA is responsible for enforcing the Federal Mine Safety and Health Act of 1977 (Mine Act) as amended by the MINER Act of 2006. The Mine Act gives the Secretary of Labor authority to develop, promulgate, and revise health or safety standards for the protection of life and prevention of injuries in the nation's mines.
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In this Legal Update, we discuss emerging climate change-related guidelines and requirements, give examples of how mining companies are adjusting their …
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The new rules require additional disclosures for mining companies, including exploration results, mineral resources, and mineral reserves bringing the SEC disclosure requirements more in line with …
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Mining Laws and Regulations Congo D.R. 2024. ICLG - Mining Laws and Regulations - Congo D.R. Chapter covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights.
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IRMA's Standard for Responsible Mining defines best practices for what responsible mining should look like at the industrial-scale. ... The requirements in the Standard include the following elements: ... rights and due diligence; Complaints and grievance mechanisms, and access to remedy; Transparency in revenue payments from companies to ...
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The new regulation requires mining companies to monitor the air miners breathe while working, and adjust working conditions when excess silica dust is present. ... Instances of overexposure must be reported to MSHA, a requirement that was not in a regulation initially proposed last year but was inserted after the news organizations' …
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The requirement for mining companies to have a local content plan and to give preference to nationals exists throughout sub-Saharan Africa, including Angola, Gabon, Chad and Equatorial Guinea. The Amendment Act amended the Mining Act to include the requirement to have a local content plan.
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Companies like Apple and Tesla have ESG requirements for their entire supply chain – all the way to the mine site. It's all about traceability and transparency. And they conduct third-party reviews at mine sites to qualify their customers. If you don't meet their requirements, they will not buy your metal.
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Alternative financing has grown significantly over the past decade and today represents more than $8 trillion in total assets under management. 1 P&I, Top Global Asset Managers' AUM, 2017. Mining, however, remains underpenetrated, representing less than 1 percent of total global alternative financing. 2 Silver Wheaton, 2016; PitchBook, …
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Company Registration Legal Requirements. ... Mining companies are also required to participate in the growth of the economy. They must not take part in any activity that affects the country's integrity. Mining operations are divided into large, medium, and small-scale mining operations. Tanzania has many minerals in various locations ...
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3.1 What rights are required to conduct reconnaissance? Reconnaissance right requirements in Canada vary by jurisdiction. In the Northwest Territories, Nunavut, British Columbia, Manitoba, New Brunswick and Prince Edward Island, both individuals and companies are required to obtain a prospector's licence from the applicable provincial …
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There are currently no requirements in the U.S. for mining companies to invest in local infrastructure and communities, or enter into Community Benefit Agreements ("CBAs") like there are in other …
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Mining has been a significant part of Nigeria and Africa's economy, providing valuable minerals and resources that have contributed to the development of various industries. In Nigeria, mining has historically played a crucial role in the growth of the country's economy, with the sector contributing 0.3% to the GDP in 2018. Africa, on …
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Competency Examinations are Statutory Examinations conducted by the Minerals Commission (Inspectorate Division) for the employees of Mining Companies, Quarries, Explosives Companies, Mine Support Services Companies and any other mining related companies, registered with the Minerals Commission and possess operating permit or …
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This update summarizes key aspects of the new disclosure requirements. Overview of New Mining Disclosure Requirements. Presently, mining property disclosure requirements are set forth in Item 102 promulgated under the Securities Act (Regulation S-K), and in Guide 7 and related staff interpretive guidance.
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The legislative requirements with which mining companies in South Africa have to comply have significantly increased over the last decade. At present, a dual-listed entity such as Lonmin is ...
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However, mining companies may deduct large portions of capital expenditure against their taxes and may ring-fence capital expenditure and taxable income in respect of distinct mining operations ...
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Learn about the federal and state laws that regulate mining operations and environmental impacts in the United States. Find out how mining wastes are managed, discharges are …
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Canadian mining companies face several rising sustainability-related risks. Consumers and other end users of manufactured products are taking a greater interest in the origins of the raw materials contained in their purchases, including the cost of carbon embedded in their supply chains.They expect companies to source materials produced …
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The journey from a junior miner to a global company is a long route that requires a lot of money. This infographic outlines the listing requirements mining companies must meet when raising capital for …
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U.S. mining equipment and technology enjoy a 75 percent market share in Argentina. Given the market's industry potential, U.S. suppliers of mining related technology should take advantage of the opportunity and consider Argentina as a market for expansion. Argentina's mining sector holds significant potential.
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Mining companies are closely linked to the energy transition, both as businesses for which new requirements apply and as suppliers of critical minerals used to produce electric vehicles batteries, solar panels and wind turbines, among other products. ... While the timing of the adoption and enforcement of ESG disclosure requirements …
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These requirements include the fact that indigenous Tanzanian companies are given first preference in the granting of mining licences and, thus, subject to variations as may be made by the Minister, to qualify for the granting of a mining licence, there must be 5 per cent equity participation by an indigenous Tanzanian company. 27. Mining ...
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Given the new reporting requirements for 2021, companies should be preparing for these changes now by: • Reviewing their current reporting procedures. • Updating their (1) …
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Foreign Exchange Surrender Requirement for Mining Companies. In August 2022, the BoG began working with mining firms and international oil companies to purchase the foreign exchange arising from the voluntary repatriation of their proceeds. The rationale was to boost the supply of foreign exchange to the economy and strengthen …
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The future of the mining industry is increasingly being shaped by environmental, social, and governance (ESG) imperatives. The expectation of a transition to net zero by 2050 (or sooner) is well established, but external stakeholders are gaining more influence on how ambitiously mining companies address a host of ESG-related priorities.
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A $57 billion gap separates the top 3 from the rest of the group. In fourth place comes Glencore ($55B) with its mixed operations of trading and mining metals, agricultural products, and oil and gas.. The automotive industry is a big consumer of metals, which explains Norilsk Nickel's ($54B) fifth place. The company, owned by the …
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The requirements for obtaining ISO certification in the mining industry typically depend on the specific ISO standard, a company seeks to comply with. As mentioned earlier, some of the key ISO standards applicable to the mining industry include ISO 9001 (Quality Management), ISO 14001 (Environmental Management), ISO 45001 …
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