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MINING LAWS, CHANGES IN LEGISLATION/GENERAL DISCUSSION
blacksheep
post Posted: Feb 19 2019, 09:03 PM
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Malaysia lifts bauxite mining moratorium after 3-year ban

QUOTE
"The moratorium will not be extended after March 31 … I see that there is a strong demand for the bauxite industry in Pahang and the profit derived by the state is also enormous," Xavier Jayakumar said.

Jayakumar also added that while bauxite mining and export activities could be resumed, it would be done with new standard operating procedures and tighter law enforcements.

http://www.mining.com/web/malaysia-lifts-b...ium-3-year-ban/



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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: Jan 23 2019, 10:26 AM
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Some mixed messages - mining companies haven't been able to develop assets since the Govt said they were reviewing each and every one. Are they only targeting "large-scale miners" such as Barrick and Anglo?

Tanzania to cancel licenses for undeveloped mineral sites
Bloomberg News | about 6 hours ago |
QUOTE
Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said.

The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since 2000.

The East African nation surpassed its mining-revenue targets for the first half of the current fiscal year by 8 percent to 167.5 billion shillings ($72.3 million), Magufuli told mining executives in the commercial hub of Dar es Salaam Tuesday. Earnings in the 2017-18 year jumped 55 percent to 301 billion shillings, he said.

The state intends to hold discussions with mining companies on obstacles restraining the sector, Mining Minister Doto Biteko told the executives. The industry contributed 4.8 percent of gross domestic product in 2017, compared with 4 percent in 2015, Magufuli said.

(By Ken Karuri)

http://www.mining.com/web/tanzania-cancel-...-mineral-sites/

A previous PR re "large-scale" mining licences from June 2018 - https://www.reuters.com/article/us-tanzania...l-idUSKCN1IX5NN



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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: Jan 14 2019, 08:07 PM
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In Reply To: blacksheep's post @ Jan 12 2019, 11:02 AM

Congo poll leaves uncertainty for miners at heart of EV revolution
extract
QUOTE
“It could be that, as a mining sector, we’re worse off than when we were under Kabila,” said one mining operator, who asked not to be identified. “There may be some improvements, but we’re not counting on it.”

QUOTE
Five mining executives contacted by Reuters said they were not yet operating on the assumption that Tshisekedi’s win would be validated by the Kabila-appointed Constitutional Court and expected the outgoing president to fight to keep his stranglehold on the sector. None wanted to speak on the record.

Companies could find themselves caught in the crossfire of turf wars over ministry jobs and positions in the bureaucracy, not knowing who is really in charge.

“There are always people you have to sway if you want a contract or a mining permit,” Stearns said. “At the top, these are Kabila’s people. That’s now going to be in a state of flux that, I think, is going to last months.”


https://www.reuters.com/article/us-congo-el...n-idUSKCN1P70DR




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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: Jan 12 2019, 11:19 AM
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Constant change of Ministers is not helping to bring and end to this impasse. Magufuli also recently warned - “One day I may appoint myself the minister of minerals” "
Tanzania names latest mining minister in ongoing industry clash
QUOTE
DAR ES SALAAM (Reuters) - Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190 billion tax bill, which has severely limited the London-listed company’s operations in the East African nation.

Dotto Biteko, whose appointment was announced by presidential official John Kijazi on state television, is the third mining minister President John Magufuli has appointed since he was elected in 2015.

https://www.reuters.com/article/us-tanzania...h-idUSKCN1P20WS



--------------------
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: Jan 12 2019, 11:02 AM
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Posts: 5,443
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Too early to bet on mining policy change: Congo vote reaction
Bloomberg News |
QUOTE
In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month’s presidential election, although his victory is being marred by claims by a rival that the poll was rigged.

The African country is the world’s main supplier of battery ingredient cobalt and a key source of minerals from copper to tantalum. That means miners, analysts and users of the metals — which range from carmakers to mobile-phone companies — will be keeping a close watch on what happens next.

The prospective change of administration may spur optimism among mining investors including Glencore Plc and Barrick Gold Corp. that they can reverse elements of a fiercely disputed new industry code that raised royalties and added taxes.

Here are some initial reactions, to be updated throughout the day:

Verisk Maplecroft: Unknown Entity for Miners
The results are preliminary so “many mining investors will likely hold off for the next two to three months at minimum to see how the transition period plays out,” said lead Congo analyst Indigo Ellis. “Tshisekedi quite openly argued on the campaign trail that hikes to tax and royalty rates in the new mining code had gone too far, going as far as to call them “anti-investment,” yet his powers to introduce pro-investor measures are likely to be constrained, at least initially.”

Barrick Gold: Too early to say
“It’s a bit early to say; we think the election process proceeded smoothly, and it’s good to see the results have been announced and people have accepted, it means there is a democratic process that’s working and that’s the positive,” said Chief Financial Officer Graham Shuttleworth. “Tshisekedi is an experienced politician but you must remember in the Congo, government is not just one political party, it’s a coalition.” “One of the most important positions will be one of mines minister, the current one may not be there going forward, but it’s too early to say.”

Africa Risk Consulting: Mining policy shift unlikely
There has been speculation that the announcement of Tshisekedi’s victory could be part of a deal with outgoing President Joseph Kabila, which means that the new president may not challenge the status quo, said senior analyst Shawn Robert Duthie. “I don’t expect major changes to DRC’s mining policies as Tshisekedi will unlikely be willing to undo much of what the previous administration has done.”

RBC Capital Markets: Possibility for mining code revision
“A chance for the DRC to eventually emerge from a period of significant corruption and changes to the mining code,” said mining analyst Tyler Broda. The end of Kabila’s leadership “could potentially see a revision of the contested mining code from last year.”

Liberum Capital: Supply risks
Congo is a “hugely important region for copper and cobalt, and this result could cause disruption to output,” depending the response of the influential Catholic church, said analyst Ben Davis. However, copper and cobalt prices “would likely rise globally to offset this impact.”

BMO Capital Markets: Potential for disruption lowered
The results “will be seen as a surprise after the protracted delay in counting,” said mining analyst Colin Hamilton. “This should lessen potential for civil unrest and potential disruption to copper and cobalt shipments from the country.”

(By Felix Njini, Elena Mazneva and Thomas Biesheuvel)

http://www.mining.com/web/early-bet-mining...-vote-reaction/



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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 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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"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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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/
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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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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/



--------------------
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: 5,443
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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/




--------------------
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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