Mining licence revocations: How to manage the risks

New investors. The arrival of new investors offering more attractive terms to develop mining concessions may tempt a host government to revoke licences of incumbent licensees, sometimes under spurious pretexts (such as alleged irregularities in the award of the licences), and make them available to new market entrants.

Mining industry risks another lost decade

A lack of transparency in the licence and concession award process. ... According to EY Canada, ESG remains the top risk and opportunity for mining and metals companies in 2023. The issue is now ...

Legacy Issues in M&A Transactions

Therefore, asset acquisitions focused on mining operations may be prone to facing legacy liability on many fronts, which typically include: breach of contractual obligations. The areas that...

AfDB Africa Economic Brief

2 A Review of Mining Deals in Africa 2 3 Operationalizing 'Fair' Mining Concessions 3 4 Conclusion 6 The findings of this Brief reflect the opinions of the authors and not those of the African Development Bank, its Board of Directors or the countries they represent. Mthuli Ncube Chief Economist and Vice President (ECON) m.ncube@afdb ...

Sentinel Resources acquires seven silver exploration concessions …

Sentinel will be required to post a refundable performance bond of AU$10,000 per concession and spend exploration and associated expenses on each concession of AU$ 25,000 in Year One and AU$50,000 ...

Mining Miracles or Misfires: Opportunities and Risks in …

Risks Associated with Mining Investments in Emerging Markets. While the potential for high rewards is significant, mining investments in emerging markets are not without their challenges and risks. Investors must navigate a complex landscape of geopolitical, legal, and operational risks that can impact the viability and profitability of their ...

Mining in Africa: Navigating risk amidst the wave of political …

The global energy transition means that demand for critical materials and minerals is on the rise. With significant quantities of the world's metals and minerals located in Africa, mining companies must operate in a dynamic political landscape. This brings about complexities and risk. By the end of 2024, 18 African nations will have held elections this year. Many …

Addressing Legal Challenges, Minimizing Risks

Q: Do you believe that expropriation represents a serious risk and what can companies do to protect themselves? A: The law has a procedure in place in the case a mining …

News Releases

The Duparquet Gold Project is located immediately north of the town of Duparquet, Quebec and covers an area of 1,079 hectares, and consists of 50 mining claims, including two historical mining concessions, which include the four mining properties: the Beattie property (historical mining concession 292) owned by Beattie, the Donchester property ...

Royal Road | Royal Road Receives New 30 Year Mining Concession…

The process of acquiring a mining Concession Contract requires amongst other things, the Company to present and fulfill a Social Management Plan and the National Mining Agency to complete a Concertation seeking the approval of local authorities, followed by a Public Hearing with local communities. ... These factors include the inherent risks ...

Mining: Legacy Issues in M&A Transactions

Introduction. Legacy liability (also known as successor liability) in M&A transactions is of key importance as it may significantly affect the value of the acquired target and the overall ...

coal mining concession in the sand

XSM stone crushing machine project-sindh mining concession rules-2002 ShangHai XSM ( sindh mining concession rules-2002 ) are a professional production of stone crushing machine.Sales and Widely used in Europe, South America . Get Price; risk in acquiring mining concession riad-darailen.fr. risk in acquiring mining concession. Ore dressing machine.

CORRUPTION RISKS IN MINING CONCESSIONS

integrity of the process of mining exploration and exploita - tion concession, as well as the risks of corruption that can occur as a result of certain practices. This is necessary to reinforce strong community demands to be involved in consultation and to participate in decision- making with

GLOBAL MINING GUIDE 2020

Land tenure Mining rights are separate from surface rights Environmental protection regulation High Rehabilitation bonds or guarantees Yes (performance bonds) Exploration license Depends on the extension of the license (minimum term: 150 days) Mining license Exploitation concessions are perpetual provided that the

GOOD PRACTICES FOR NEGOTIATING LEASES AND …

Harita Nickel Will Become the 5th Largest Nickel Mining …

This acquisition with a transaction value of IDR 7.9 billion will increase nickel ore resources and reserves to 302 million wmt, making Harita Nickel the 5th largest nickel mining company in Indonesia based on resources. PT GTS has a non-operating nickel mining concession with an area of 2,314 hectares with an IUP valid until 2040.

Mining Laws and Regulations Ghana 2025

4.1 What types of entity can own reconnaissance, exploration and mining rights? Generally, only companies incorporated under the Companies Act, 2019 (Act 992) or partnerships incorporated under the Incorporated Private Partnerships Act, 1962 (Act 152) or any other enactment in force for the time being are granted rights to undertake reconnaissance, …

Mineral Concession Rules, 1960

The Mineral Concession Rules (MCR) specify the processes and criteria for acquiring a prospecting license and mining lease. According to these rules, a "mining plan" must include, among other things, a map of the area indicating water sources, the boundaries of forest areas, the density of trees, the impact of mining activity on the forest, land surface, and …

Sulliden Mining Capital Inc. Announces Agreement to …

March 23 2022 Sulliden Mining Capital Inc. Announces Agreement to Acquire Quebec Uranium Mining Concessions. TORONTO, March 23, 2022 -- Sulliden Mining Capital Inc. (TSX: SMC) ("Sulliden" or the "Company") is pleased to announce it has entered into a share exchange agreement dated March 23, 2022, pursuant to which the Company has agreed to acquire all of …

Mining and Its Impact on Tribals in India: Socio

Mineral Concession Rules (MCR) and Mineral Conservation and Development Rules (MCDR) were framed under the Act. MCR deals with major minerals but the State governments are free to frame their own rules for mineral concessions with respect to minor minerals. Accordingly, most States have framed their own Minor Mineral Concession Rules.

CORRUPTION RISKS IN THE AWARD OF MINING …

mining, accounting for 6% of global production and 15% of world reserves (Consejo Minero, 2015). In recent years, mining has accounted for around 15% of the Gross Domestic Product (GDP). The central-northern regions are home to the largest number . of mining companies, especially in the regions of Antofagasta and Atacama. In fact, in the central-

America needs a critical mineral model beyond onshoring …

To reduce acquisition risk for US companies as well as strengthen bilateral relationships for the US government, the US government should facilitate mine acquisitions by working with host country ...

Linking Processing Plants to Artisanal Miners: How to ensure …

Written by: Dayron Monroy – Head of Standards and Certifications In this blog, I reflect on the conditions necessary for mineral processing plants to responsibly source raw ore from artisanal and small-scale mining (ASM) operations. Typically, in this business model, plant owners also hold mining or concession titles but outsource the mining/extraction stage and, […]

What is a Concession Agreement? Benefits, Risks, and …

A Closer Look at the Concession Agreement. Concession agreements, also known as concession arrangements, are found across various industries and can vary significantly in size and scope. They encompass mining concessions worth millions to small food and beverage concessions in local theaters. Terms of a Concession Agreement

CORRUPTION RISKS IN MINING CONCESSIONS

Corruption risks in mining concessions 7 EECUTIVE SUMMARY There are six risks that ranked "very high", in descending order, and all of these showed a "significant" level of impact: • PD12: Process timeframe. • PP16: Stockpiling of mining rights without doing work, also associated with what is known as "hoarding" of mineral titles.

Royal Road | Royal Road Receives New 30 Year …

The process of acquiring a mining Concession Contract requires amongst other things, the Company to present and fulfill a Social Management Plan and the National Mining Agency to complete a Concertation seeking the …

The risks of Chile's postponed law on mining concessions

Exploring risks and concerns with Chile's postponed mining concessions law, including tax incentives, exploration costs, and permit delays. +56 (2) 3263 76 80; ... which is also tracking the so-called Law 21,420 that modifies exploration and mining concessions in …

Lumina Gold Announces Concession Extension Until 2049

VANCOUVER, BC, Nov. 21, 2024 /CNW/ – Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that the Ministry of Energy and Mines of Ecuador has extended the Los Cangrejos mining concession until 2049. This decision by the Government of Ecuador creates positive conditions to continue the investment plans for …

Pulling the rug out from under: The land tenure dynamics of …

This article has drawn parallels between the overlaying of mining concessions and incidences of insecurity, conflict, environmental transformation and investment risk that often …

Triton Minerals Limited (ASX:TON) Share Price, News

Since acquiring the Mozambique projects in 2014, the Company has significantly extended the mine life and grown the resources base. ... the Mozambique Minister of Energy and Natural Resources, granted the mining concession for the Ancuabe Project. The Company's Cabo Delgado projects are owned through subsidiary Grafex Limitada (Grafex ...