risk in acquiring mining concession

risk in acquiring mining concession

Risk Management Magazine The Political Risks of Mining

April 1 2024 The mining industry particularly in emerging markets is arguably the most susceptible sector to political risks due to its importance to host economies Mining projects can represent significant percentages of GDP and as a result projects can become flash points for nationalist debate

Mining licence revocations How to manage the risks Fieldfisher

There are a number of reasons why host country governments cancel or otherwise intervene in mining licences Some are more defensible than others although all are contestable in most cases Common reasons for licence revocation include Failure to comply with the terms of the licence

PDF Corruption Risks in The Mining Sector Peru Report

as examples of vulnerabilities the macra tool mentions unregulated lobbying lack of due diligence in the financial and technical claims of companies development of new laws and mining policies without public scrutiny lack of a system to declare and manage conflicts of interest access to confidential information lack of verification of …

Modifications to the Mining Code Carey Abogados

The duration of the concession is increased from 2 to 4 years eliminating the possibility of requesting an extension The holder of an extinct exploration concession is prohibited from acquiring directly or through an intermediary a new exploration concession that includes the area of that extinct concession

Namibia Mining Concessions News Monitoring

Tin miner AfriTin Mining is progressing with exploration of mining licence ML133 located about 35 km southeast of the company s Uis mine in Namibia having found thus far 13 m of mineralisation grading % lithium oxide % tin and 36 parts per …

Mining Concession Definition Law Insider

Mining Concession means each of the mineral licenses mining leases mill licenses surface rights surface leases Rights of Way and licenses or permits to occupy held by any Loan Party in respect of the Project Sample 1 Sample 2 Based on 2 documents Mining Concession means each of the titulos de concesion listed on Schedule a Sample 1

Mining Laws and Regulations Report 2024 Mexico ICLG

A mining concession holder may explore and exploit all minerals and/or substances specified in Article 4 of the Mining Law except for those reserved to be exploited by the Mexican Federal Government as mentioned in questions and above in certain cases submit a Risk Assessment register the Hazardous Waste Management Plan have

Liberia to review mining concessions to ensure local interests

It risks offsetting a September agreement with ArcelorMittal to remain in the country for at least 25 more years and triple its iron ore production Liberia with huge mining and agriculture potential has attracted billions of dollars in resource investment since the end of a 1989 2024 civil war mainly for iron ore and gold

PDF Corruption and the renegotiation of mining contracts

the interference of Kinshasa based politicians in the negotiation of mining contracts as well as unclear relationships between mining companies and politicians are documented in the above mentioned report The Liberian Example The need for transparency in the awarding of concessions is illustrated by recent developments in Liberia

Mining Due Diligence Checklist Kuchling

A checklist helps keep a team on the same page and clarifies individual roles and tasks Checklists bring focus and minimize sidetracking down unnecessary paths Recognizing this I have created a personal due diligence checklist for such times A screen shot of it is shown below The list is mainly tailored for an undeveloped project but it

Prime Mining Announces Financial Results Prime Mining Corp

Since acquiring Los Reyes in 2024 Prime has spent approximately US$30 million on direct exploration activities and is nearing completion of two phases of comprehensive drilling totaling over 87 000 metres and growing About Prime Mining environmental risks title risks including concession renewal commodity price and exchange rate

How To Obtain A Mining Licence In Ghana Mining Ghana Mondaq

Introduction Mining Licence in Ghana Every company seeking to enter the mining industry in Ghana requires a mining licence The mining industry in Ghana accounts for 5% of the country s GDP and minerals make up 37% of total exports of which gold contributes over 90% of the total mineral exports Ghana is one of the leading producers of gold

Expression of Interest for Mining Sample Proposal 5 Steps

Verdantia Mining Corporation will bear all costs associated with exploration and exploitation of the leased property The sum of $10 000 will be placed in the property owners account first payment upon signing the lease and nine subsequent payments on the yearly anniversary of signing 10% royalty on all metals and minerals extracted Details

Concession Agreement Mining ambientalex

Concession contracts can also be used for risk management Suppose a country invests a significant amount in the production of a single product This country will then have a high idiosyncratic risk related to the price of this raw material For example the governments of Brazil and Mexico have invested heavily in state owned oil companies

Accra Mining Network introduces prospective miners to best practices

GNA June 6 2024 0 The Accra Mining Network AMN a group of mining professionals in the country have introduced participants in its AMN Field School to hands on responsible and legitimate

Apply for a mining right South African Government

You need permission from the Department of Mineral Resources and Energy to mine minerals within a certain area This is granted by way of a mining right A mining right may not exceed a period of 30 years A mining right is granted if the mineral can be mined optimally you have the funds and expertise to conduct the proposed mining operation

Vizsla Silver to Make Strategic Investment in Prismo Metals and Receive

The Strategic Investment will provide for a cash injection to Prismo of $500 000 and issuance to Prismo of $ million in Vizsla shares which will provide Prismo shareholders further exposure

PDF RISK MANAGEMENT AND FINANCING MINING PROJECTS Universitatea din Petrosani

1 MINING PROJECTS RISKS Abstract Development of mining projects heavy capital expenditureinvolves and mining is a high risk business Identifying of the main mining projects risks is very important in their financing process This paper deals with the relationship between the risks involved with mining projects and their financing scheme

The security risks of mining in Latin America

The document also states that mining unions in Latin America can be very aggressive as well and some of its members can become security risks for companies particularly if they have ties with

The social risks driving conflict with the mining industry

Identifying some of the biggest social risks to mining operations and why Environmental Social and Governance issues are one of the biggest threats that mining companies now face Back to Reports Resources Philip Buckingham Content Marketing Executive

Cross Border Acquiring interchange concessions new risks for

The Cross Border Acquiring concessions The new rules which currently apply to Visa only now enable cross border acquirers with regulated operations outside a country to bid to domestic merchants using the % and % interchange greatly undercutting current merchant service charges MSCs High credit card interchange countries such as

risk in acquiring mining concession

Risk In Acquiring Mining Concession Know More Many mining projects suffer extreme risks and difficult decisions and sound mining law is integral for an for the area subject to concession or to consult such aimed at acquiring the strategic minerals directed to producers in a free market regime

Confiscation of Exton Cubic s Bauxite Concession Can Cause Dangerous

The actions of President Akufo Addo rsquo s government in the mining sector are juxtaposing the mining industry in Ghana at high political uncertainty put the country on a high global mining investment risk index and fend off current and potential future investors in the business As a mining engineer who has reviewed the Ghana mining laws I can confidently predict that any wrongful

PDF Contractual Arrangements for Uranium Exploration and Mining Iaea

model is applicable to the present day uranium situation is doubtful as uranium companies may not feel the need for such a high risk exposure especially as the lack of any title or ownership on the deposit or production is a hindrance in securing outside financing service contracts this is really a contract type closely related to the …

Mineral Concessions Avoiding Conflict in DR Congo s Mining Heartland

In June and July 2024 the Democratic Republic of Congo s security forces evicted artisanal miners encroaching on two of the country s largest industrial mining sites in Haut Katanga and Lualaba provinces In addition to deaths and injuries the expulsions caused more than 10 000 artisanal miners to lose their only means of generating income

Concession Definition Investopedia

Concessions can be involved in a variety of other transactions based on adjustments to the price in a trade Adjustments can include changes to the purchase price due to inaccurate valuation

Risk Management Is Essential For Mining Industry Resolver

The mining industry has always been a risky one with worker safety concerns representing only a portion of the challenges Increasingly strict regulations the reliance on technology inconsistent demand for raw materials and high commodity prices are concerns that every mining company has grappled with

Risks for the Mining Industry Dean Dorton CPAs and Advisors

Mining companies must follow and understand international markets in order to compete at the global level Cost Management Failing to budget and monitor costs properly is a significant risk Successful companies monitor their costs in great detail

Foreign Investment in the Mining Sector General Guidelines

Legal Mining Company Unlike any other this type of company results from a factual event that is granted legal status by the law Such events include two or more individuals filing a mining claim or registering shares in a mining concession previously held by a single individual Art 173 et seq Mining Code Contractual Mining Company

6 Risks to Recognize When Acquiring a Company

Risk #6 Not Having Good Counsel When acquiring a company you should also have good counsel on your side to provide you with guidance and advice Adequate legal representation is critical to ensuring that the acquisition thoroughly complies with all legal requirements and business goals Further check the backgrounds of the attorneys you

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