Mining sector always comes under severe scrutiny due to their negative impacts towards society and environment. Several studies contributed to reduce these impacts exists in the mining operations, in the development, studies also started to explore various assessment mechanism to understand the mining firm's sustainability impact.
Indonesia will require foreign companies to sell down stakes in mines and increase domestic ownership to at least 51 percent by the 10th year of production, under a new regulation.
Mining Laws and Regulations 2021 The International Comparative Legal Guide to Mining Law 2021 November 25, 2019 9th Circuit Holds Shoshone-Bannock Tribes Can Impose $1.5 Million Annual Waste Storage Permit Fee On FMC Holland & Hart News Update
Effectively, the Mines and Minerals Development Act, No. 11 of 2015 was amended. The aforementioned Act imposes an obligation to pay mineral royalty taxes on persons with mineral trading permits, those …
A recent survey by EY Mining & Metals found that more than half of global mining companies believe that licence to operate is the biggest risk to their business. Heidi …
TRANSPARENCY INTERNATIONAL SIERRA LEONE MINING PERMIT, LICENSE AND CONTRACT AWARD STAKEHOLDER ANALYSIS BACKGROUND For the success of the Mining for development Program both at national and international levels, it will be key to know the actors in the process of giving mining permits, licenses and contracts to …
SAN JUAN, Puerto Rico (AP) — A U.N. agency tasked with regulating the deep sea is debating whether to open the Earth's watery depths to countries and companies that as of Monday were allowed to start applying for provisional mining …
mining industry. The International Accounting Standards Board (IASB) has formed an Extractive Activities working group; however, formal guidance on many issues facing mining companies is unlikely to be available for some years. Other developments taking place are the ongoing convergence with US GAAP and interest from
The socio-political risk of the mining companies has been steadily rising with the ability of the civil society organizations and the community-based organizations to influence government policy options, the entry of mining companies into jurisdictions weak in the rule of law, and the weakness of global economic and financial regulation.
The company received an exploration license in 2009 and a mining permit in 2015, and was getting ready to start operations. However, due to strong local resistance, the Swedish state revoked the mining license in 2016 (Tasman Metals, 2020). The Norra Kärr REE deposit is located near a "Natura 2000″ area and close to Lake Vattern.
International mining companies have 3 or may thus initiate arbitration proceedings for breach of the stabilization clause in the mining code or on the basis of bilateral investment ... "No licensing authority under any law in force in Kenya shall issue a license for any project for which an environmental impact assessment is required under the ...
Mining firms that were last week given new licenses will be operating under tougher terms especially related to environment protection, use of modern equipment, and miners' safety, Richard Niyongabo, Director of Mining Cadastre and Licensing Unit at Rwanda Mines, Petroleum and Gas Board. Last week, the cabinet approved 42 firms' …
We are working with mining companies, government representatives and civil society organisations to ensure decisions about mining approvals are transparent and accountable. Transparency International Australia is part of global network of Transparency International Chapters working to improve transparency in the process of awarding …
We start by looking at the situation faced by a mining license holder, which we call "PT X", to understand how the roadblock issue in the mining business can be a serious problem. PT X is a mining company with a valid Mining Business License or Izin Usaha Pertambangan (" IUP ") in one of Indonesia's mineral resource-rich areas. PT X ...
1. Mining companies operated under colonial charters on a semi-exclusive concessional basis 2. Mining was largely an enclaved operation with little or no benefit to local …
The primary purpose of this research is to clarify the meaning of shared value in the mining industry by using terms from the stakeholders' and strategy literature. To this end, a sample list of 27 mining firms was acquired from the International Council on Mining and Metals (ICMM).
The necessity for mining investors to liaise with local government and communities makes the concept of a 'social licence to operate' – that is, the process in …
AUB International Ghana Limited: Mining Lease: Valid: PL6/264: Owere Mines Ltd: Mining Lease: Valid: RL2/191: China Zinzheng Ghana Friendliness Development Company Ltd: Mining Lease: ... Gadriator Group of Companies Limited: Prospecting Licence: Valid: BANSO: PL6/44: 28/11/2018 0:00: 27/11/2021 0:00: Mensin Gold Bibiani Ltd: …
Indonesia is an international hub for critical mineral production and reserves, with diverse resources including nickel, iron, bauxite, silver, tin, gold and copper. The country's mining industry has extensive nickel reserves in the Maluku, Sulawesi and Kalimantan islands. Nickel mined in the country is suitable for the production of electric …
Journal of International Economic Law, Volume 27, Issue 2, June 2024, Pages 297–313, https://doi ... mining companies would not be incentivized to comply …
Posted by Daniel Gleeson on 5th December 2018. More than half (54%) of global mining companies rank licence to operate (LTO) as the biggest risk to their business, according to the 11th annual EY Top …
For instance, Conservation International has red-flagged a list of Chinese mining projects in Liberia, South Africa and Madagascar. Chinese mining companies are often active in conflict-affected or high-risk areas (or, from the Chinese perspective, markets with low entry barriers). Hence, they are regularly exposed to ESG and human rights …
Governments across Africa have been getting tougher with international mining companies. In Tanzania, President John Magufuli came to power in late 2015 pledging …
Human Rights News September 12, 2023 2:18 pm Canadian mining firm accused of human rights abuses linked to evictions in the DRC. The Canadian company Ivanhoe Mines compromised the human rights of hundreds of people in the Democratic Republic of Congo (DRC) who were evicted to make way for the expansion of a sprawling copper-mining …
A prominent example is the International Council on Mining and Minerals (ICMM), established by extractive industry operators in 2001 to strengthen the management of environmental and social performance. Security is one issue that the mining industry has, for some time, sought to manage by reference to human rights.
In the industry study Breaking New Ground: Mining, Minerals and Sustainable Development (International Institute for Environment and Development, 2002), the authors outlined what we consider to be the fundamental driver behind the social licence to operate concept.Simply stated, that the industry "is currently distrusted by …
Disputes with the host state: Interaction between the mining company and the host nation (or its state-owned companies) is inherent to the mining business.With few exceptions, the host nation will own the mineral resources. This interaction can generate a variety of disputes that may be suited to international arbitration.
The social licence to operate (SLO) is a framework coined by mining executive and political risk expert Jim Cooney in 1997 as a way for mining companies to manage growing political risks ...
The primary purpose of this research is to clarify the meaning of shared value in the mining industry by using terms from the stakeholders' and strategy literature. To this end, a sample list of 27 mining firms was acquired from the International Council on Mining and Metals (ICMM).
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