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MINING LAWS, CHANGES IN LEGISLATION/GENERAL DISCUSSION
blacksheep
post Posted: Dec 10 2018, 08:57 PM
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Probably won't get far with this - the fiscally challenged Moz Govt are relying on royalties from this project to get them out of a hole. Depends which court of law they go to, I guess
Mozambique lawyers sue US gas giant over land deal
QUOTE
Lawyers in Mozambique are suing US fossil fuel giant Anadarko to block its planned $20 billion gas project, arguing the land was illegally taken from locals, according to a statement published Friday.

Anadarko is one of the global companies investing billions of dollars to exploit major gas reserves discovered off Mozambique’s northeastern coast and the lawsuit could further delay operations already frustrated by jihadist attacks.

“As part of a legal monitoring project on land rights… we requested the Administrative Court annul the right to use land on an area of 6,475 hectares,” the Mozambique Bar Association said in statement posted on its website.

Hardline Islamists have launched several deadly attacks in the Muslim-majority, oil-rich Cabo Delgado province in the past year, stoking unrest just as Maputo pushes ahead with oil and gas development in the region.

Anadarko has previously said that Mozambique’s natural gas reserves, of which it has discovered 75 trillion cubic feet so far, “are among the best and the largest in the world”.

The bar association has said that a process of transferring land rights that began in 2012 and led to Anadarko being granted an exploration concession was illegal.

“The process of awarding the right to use the land did not respect the principle of public consultation,” it said.

Anadarko Mozambique did not respond to a request for comment.





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Dec 7 2018, 10:26 AM
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In Reply To: blacksheep's post @ Dec 7 2018, 09:44 AM

Any "licensed to operate" still at whim of political pressure, whether it is activist, syndicalist, competitive or being squeezed for a further "contribution".

Rule of Law should never be underestimated (nor trashed for expediency's sake)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Dec 7 2018, 09:44 AM
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Posts: 5,115
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QUOTE
“Licence to operate has evolved beyond the narrow focus of societal and environmental issues. There are now increasing expectations of shared value outcomes from mining projects,” EY global mining and metal advisory leader Paul Mitchell said.

Recent examples of this are Indian conglomerate Tahoe Resources, Adani Enterprises and Australian rare earth miner Lynas.

In September, Guatemala's highest court confirmed the suspension of Tahoe Resources’ mining licence for its Escobal silver mine and ordered the Ministry of Energy and Mines (MEM) to carry out an immediate consultation of the local indigenous population.

A month later, Adani had to take an 896.4 million rupees ($13.3 million) write-down on its Carmichael coal mine in Australia’s Queensland state due to delays and legal challenges.

And this week, Malaysia set a series of conditions to Lynas, including the needed to remove radioactive waste collected as a result of its activities over the past six years, if it wants its licence renewed.

Source: EY Top 10 business risks facing mining and metals in 2019-2020 report.
http://www.mining.com/losing-licence-opera...reat-miners-ey/
Attached thumbnail(s)
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 4 2018, 09:17 AM
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Posts: 5,115
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Congo triples levy on cobalt with strategic-minerals decree
QUOTE
KINSHASA – Democratic Republic of Congo has declared cobalt a "strategic" substance, a government decree showed on Monday, nearly tripling the royalty rate miners will pay on the key component in electric batteries to 10 percent.

Prime Minister Bruno Tshibala signed the decree, which is dated Nov. 24, despite fierce opposition from leading investors including Glencore and China Molybdenum, who have lobbied against tax hikes under a new mining code adopted earlier this year.

The 10 percent royalty rate will also apply to coltan, which is used to power electronic devices, and germanium, which is used to make transistors.

Before they were designated "strategic", the minerals were all subject to a royalty rate of 3.5 percent. That was already an increase over the 2 percent rate in Congo's previous mining code, which was in effect until June.

Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt. Foreign investors say the tax hikes under the new code will deter further investment and have threatened to challenge some parts of the regulation in arbitration.

Cobalt prices surged over the past two years, due largely to demand for electric cars, but have fallen more than 40 percent since March due to a surplus of cobalt chemicals.

http://www.mining.com/web/congo-triples-le...inerals-decree/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 27 2018, 08:55 PM
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Posts: 5,115
Thanks: 2044


QUOTE
The provincial government of Cabo Delgado, northern Mozambique, wants the licenses issued for mining prospecting and research that are not being used to be revoked, the provincial governor said, quoted by daily newspaper Noticias.

Given that only 11 mining licenses of the 182 issued are in operation, Júlio Parruque instructed the Provincial Directorate of Mineral Resources and Energy to work with the respective Ministry to revoke them.

“We cannot allow occupation only on a cartographic level. If someone has applied for the prospecting license, then let them do the work,” Parruque said.

The Mining Law stipulates that prospecting and research licenses are granted to legal entities incorporated and registered in Mozambique that demonstrate the technical and financial capacity to do so.

The licenses are valid for two years for the exploration of mineral resources, renewable once for an equal period and for the exploration of other mineral resources, including mineral water, are renewable once for three years.

The province of Cabo Delgado has issued 54 mining certificates, of which only 20 are in use and of the 23 mining concession areas, only seven are in operation.

https://clubofmozambique.com/news/governmen...cting-licenses/




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 14 2018, 06:22 PM
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Posts: 5,115
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Media Statement from Qld Govt - no doubt miners won't be happy

Mining sector reforms to protect taxpayers and communities
QUOTE
New laws passed by State Parliament today will compel mining companies to sign up to progressive rehabilitation plans and safeguard taxpayers from hefty clean up bills for failed mines.

The Mineral and Energy Resources (Financial Provisioning) Bill, passed late this afternoon, delivers:

New requirements for the planning and delivery of progressive rehabilitation of mined land, and;
a financial provisioning scheme to ensure funding is available to cover rehabilitation costs when resource companies can’t meet their rehabilitaton or environmental management obligations.
Deputy Premier and Treasurer Jackie Trad told Parliament the reforms struck the right balance for the industry, the environment and the community and would support the expansion of the mine rehabilitation sector, and jobs, in regional Queensland.

“These ground-breaking reforms strike the right balance between a strong and thriving resource sector and world class environmental standards around rehabilitation,” the Deputy Premier said.

“The resource sector is a great contributor to the Queensland economy, providing jobs for many Queenslanders, however we have an obligation to ensure their activity is sustainable and benefits Queenslanders in the long term.

The new laws will compel mining companies to progressively rehabilitate mined land so we don’t leave a legacy of abandoned mines for future generations.

“They will also ensure mining companies, not Queensland taxpayers, foot the bill for the rehabilitation of failed mines or stranded assets.

“This is what the community expects and we will hold companies to their word and demand best practice rehabilitation.”

Environment Minister Leeanne Enoch said the Bill lays out clearly the expectation for areas of land to be rehabilitated and the responsibility for resource companies to prepare progressive rehabilitation and closure plans.

“Protecting Queensland’s environment is paramount and this Bill sets out the expected actions right from the planning stage, through to the requirements once the resource operation has finished,” Ms Enoch said.

“Planning for this closure is clearly best practice and will also ensure rehabilitation is effective and efficient and results in suitable environmental and community outcomes once mining finishes.

“While mining companies have always been expected to undertake rehabilitation activities, the requirement of having progressive rehabilitation and closure plans will result in a more transparent framework for industry, the community and government regulators.

“And importantly, as more rehabilitation is undertaken over the life of Queensland resource operations, these reforms will encourage long-term, regionally-based job opportunities.”

Minister for Natural Resources, Mines and Energy Anthony Lynham said the Bill provided a number of key benefits for the resources sector – one of the State’s largest employers and contributors to the economy.

“There are a number of clauses in the legislation which will improve outcomes for the resources sector,” said Dr Lynham.

“I was pleased in particular to see that the Queensland Resources Council’s submission on the Bill noted that the ‘financial provision components of the Bill make sense’.

“Importantly too, the Bill provides more options for resources companies to provide the required sureties, including the introduction of insurance bonds.

“Providing a wider range of acceptable sureties will expand the market of surety providers, and due to increased competition, will enable the industry to obtain these at a more cost-effective rate.”

Dr Lynham said another important benefit of the new financial provisioning scheme was the increased money available to enhance the State’s abandoned mines program as well as to invest in research and development of rehabilitation techniques for mining and resources activities.

The new legislation is the critical first step in meeting Labor’s commitment to implement the findings of the 2017 Review of Queensland’s financial assurance framework.

The commencement of the reforms will be staged, with the financial provisioning component commencing in the first half of next year and the new rehabilitation process beginning later in 2019.T

The Deputy Premier said the passing of the new laws today followed two years of consultation and a series of meetings with stakeholders over the past week. She thanked former Beattie and Bligh government Minister Stephen Robertson for his massive contribution to negotiations with stakeholders in the lead up to the debate. "Stephen's substantial experience in both the resources and environment sector was instrumental in negotiations with stakeholders over the past two weeks."

http://statements.qld.gov.au/Statement/201...and-communities



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Nov 8 2018, 10:18 AM
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How to avoid the resource curse? Take 6 years to approve deals
Bloomberg News | about 6 hours ago |

QUOTE
Afghanistan selected preferred bidders for three gold and copper mines in 2012. It took the war-torn nation six years to finally sign the contracts.

Afghan President Ashraf Ghani announced the deals in the past few weeks. The government took time to finalize the agreements because it wanted to ensure they were transparent and will help eliminate corruption in awarding contracts, Ghani said in an interview in his office in Kabul. After his election, Ghani ordered his administration to review 14 mineral and oil contracts that had stalled. We are now ready to take the jump forward on securing major investments – Afghan President, Ashraf Ghani

Harnessing “natural wealth around the world has been rarely successful. Most of the time it’s been called the curse of the natural resources,” Ghani, 69, said. “We were focused on avoiding this.”


QUOTE
A new mining law introduced by Ghani’s administration will significantly reduce red tape, increase transparency, and help attract investors, Qadeer Khan Mufti, a spokesman at the Ministry of Mines and Petroleum said by phone.

http://www.mining.com/web/avoid-resource-c...-approve-deals/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 24 2018, 09:46 AM
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Posts: 5,115
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Kenya wins case against Cortec Mining on rare earths, niobium licence

QUOTE
Kenya has won a case against Cortec Mining Kenya Limited, Cortec (pty) Limited and Stirling Capital Limited over the revocation in 2013 of a licence for mining niobium and rare earth minerals, a court ruling made public on Tuesday showed.

The decision could add to wariness about Kenya's nascent mining industry among investors already spooked by resource nationalism in neighbouring Tanzania, analysts said.

The companies had argued their project was nationalised after they had spent six years and millions of dollars in exploration and development.

But a tribunal at the International Centre for Settlement of Investment Disputes ruled the companies' licence was not a "protected investment".

It ordered the companies to pay costs of around $3.5 million to the government, compared with the $6.5 million it had asked for.

http://www.mining.com/web/kenya-wins-case-...iobium-licence/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 19 2018, 10:34 AM
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Spanish environmentalists demand mine closures
Valentina Ruiz Leotaud | about 13 hours ago |
QUOTE
Activist group Ecologists in Action and other organizations visited the European Parliament in Brussels and demanded the closure of all active mines in Spain.

Backed by left-wing MP Xabier Benito, the environmentalists organized a conference titled "Mining in Europe: the new extractive challenge." At the forum, they said that mining activities, which in their view have been experiencing a boom in Spain for the past five years, endanger nature, cities and jobs.

Civil society representatives hailing from Cantabria, Aragón, Galicia, Ávila, Salamanca, Sevilla and Ciudad Real also attended the event. They said their communities are affected by lithium, tin, lead, tungsten, uranium, and copper operations.

At the meeting, the anti-mining advocates also addressed issues related to mining activities in Finland, where there's an upswing in mining activities; France, which is reforming its mining code; and Portugal, a country they say is threatened by the reopening of old mines and the approval of new ones.

http://www.mining.com/spanish-environmenta...-mine-closures/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 18 2018, 11:03 AM
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Posts: 5,115
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The latest on the continuing saga between Acacia?Barrick and the Tanz Govt - the one that caused the review of all mining licences in Tanz.

Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering
Cecilia Jamasmie | about 8 hours ago
http://www.mining.com/tanzania-anti-corrup...ing-employees/|

QUOTE
Response to Today's Media Reports in Tanzania

The Company notes media reports in Tanzania today that a current and a former
employee of its Tanzanian businesses have been detained by the Tanzanian
Prevention and Combating of Crime Bureau ("PCCB"). The PCCB are reported to
have stated to Tanzanian media that they have arrested two people as part of
their "ongoing investigation into natural resources exploitation" and as part
of the "war that the government is waging in the Minerals sector", and alleged
that the two people arrested had "occasioned the Government losses". The
Company does not know what charges will be brought against the two people by
the PCCB, or when they will be charged.

As the Company reported on 11th October 2018, in connection with charges
brought against another Group employee in Tanzania, the Company's 19 month
disputes with the GoT remains unresolved. While the Company remains of the
view that a sustainable negotiated resolution of its disputes with the GoT is
the preferred outcome, the interests of stakeholders have been protected in the
meantime through the international arbitrations commenced in respect of the
Bulyanhulu and Buzwagi businesses, with a number of procedural steps completed
and in which the GoT has been fully participating. The Company is
also continuing to engage with Barrick Gold Corporation ("Barrick") to seek to
understand the future conduct and a timetable for the completion of Barrick's
direct discussions with the GoT, in which the Company is not directly
involved.

The Company's operations at North Mara, Bulyanhulu and Buzwagi currently remain
unaffected.

The Company will provide further updates in due course.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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