mining companies obligations

MANAGING ENVIRONMENTAL COMPLIANCE FOR THE …

Mining companies operating within the South African environmental sphere have an obligation to adhere to the legal obligations, norms, standards, principles and guidelines as contained in South Africa''s multifaceted network of environmental legislation. Stemming from the vast array of

Learn More
Accounting for Mining (#261) — AccountingTools

 · Environmental Obligations. The other cost that can come up later in the life of a mine is environmental obligations. If there''re any environmentally hazardous conditions at a mine site, the mining company may be seriously liable under a bunch of federal laws.

Learn More
Mining companies should not neglect their CSR obligations

 · The situation in Deka area reflects how some mining companies working in rural communities are neglecting their Corporate Social Responsibility (CSR) obligations by not investing in development resulting in constant clashes with the locals.

Learn More
Key Financial Ratios to Analyze the Mining Industry

Discover some of the most important financial ratios used by investors and analysts to evaluate companies in the metals and mining industry. ... of a company to meet financial obligations.

Learn More
Corporate Responsibility

The Canadian mining industry knows that there is a right way and a wrong way to operate. Doing it right builds trust among communities and decision-makers, and reduces key business risks – both critical elements to a company''s bottom line. The business of mining carries great responsibility to the communities that surround operations and to … Corporate Responsibility Read More »

Learn More
THE OBLIGATION OF MINING COMPANY IN APPLYING …

The obligation of mining company of CSR is in Law No. 40 of 2007 on Limited Company Article 74: company running its business activity in the sector and/or connected with natural resources requires performing social and environmental responsibility budgeted and estimated as corporate cost whose implementation is conducted by considering ...

Learn More
The levels of disclosure relating to mine closure ...

where mining companies fail to be transparent. There is evidence that the type of information in respect of mine closure obligations disclosed by companies listed under the platinum and precious metal sub-sector on the JSE is varied and reveals little about the company''s estimations used to determine the mine closure obligations.

Learn More
Coal Mine Reclamation: Federal and State Agencies Face ...

 · What GAO Found. State agencies and the Department of the Interior''s Office of Surface Mining Reclamation and Enforcement (OSMRE) reported holding approximately $10.2 billion in surety bonds (guaranteed by a third party), collateral bonds (guaranteed by a tangible asset, such as a certificate of deposit), and self-bonds (guaranteed on the basis of a coal operator''s own finances) as …

Learn More
Hunter coal mining companies don''t have enough funds for ...

 · "Rehabilitation obligations are legally enforceable and mining companies are responsible for all rehabilitation, even after the mine''s closure," the spokesperson said.

Learn More
Minerals and Mining Policy of South Africa: Green Paper ...

Mining companies are required by law to make financial provision for mining-related environmental rehabilitation. If in the form of a trust fund, the Income Tax Act permits the deduction of this provision from income, and exempts from tax the receipts and accruals of registered environmental funds established to hold these provisions.

Learn More
Mining Guide

Mining in Indonesia Investment and Taxation Guide 7 Term Definition PTBA PT Bukit Asam Tbk. (State-Owned Coal Mining Company) PwC PwC refers to the network of member firms of PricewaterhouseCoopers International Limited, and/or one of its member firms, each of which is a separate legal entity RKAB Rencana Kerja dan Anggaran Biaya (Work Plan and ...

Learn More
Land Management Solutions for Mining

Key Financial Ratios to Analyze the Mining Industry

Learn More
With new law, Indonesia gives miners more power and fewer ...

 · With new law, Indonesia gives miners more power and fewer obligations. Indonesia''s parliament has passed a mining bill that activists say will lead to unbridled exploitation by a mining …

Learn More
Mining and the Vanishing Surety Bond Market

 · OCTOBER 22, 2003 - Over the past several years, operators in the mining and oil and gas industries have found it increasingly difficult to fulfill financial guarantee obligations required by government regulators with the typical mechanism of choice, (i.e., surety bonds), because of surety companies'' large-scale withdrawal from the natural resources markets.

Learn More
Compliance and Obligation Management for Mining Company

 · Compliance and Obligation Management for Mining Company. Marcella Alves Technology Wednesday, 23 June 2021 137 Hits 0 Comments. 0. Tweet. About the client''s project. The client was running a high profile mining project in a remote, mountainous and undeveloped part of Africa. As well as the challenges of constructing and operating a mine in such ...

Learn More
Indonesia reverses coal export ban for three companies

2  · JAKARTA : Indonesia has reversed coal export bans for three companies after they complied with domestic market obligations, an official at the energy and natural resources ministry told Reuters on ...

Learn More
Greenland waives mineral exploration license obligations ...

 · With zero exploration obligations for the calendar year, the government''s aim is to help companies operating in Greenland retain their projects in these challenging market conditions.

Learn More
New Reporting Obligations Imposed on Mining Companies ...

 · Author(s): Kevin D. Cramer Sept 2, 2010. While much has been written about the wide-ranging impact of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) on financial institutions, mining companies whose securities are publicly traded in the United States will need to consider the implications of three provisions of the Act dealing with new reporting ...

Learn More
Appendix 2 Mining Company Obligations

A company may be required to undertake a number of social obligations, including commitments to: • Use local goods, services and labor whenever possible. • Consult with local communities and/or indigenous groups about the mining project and its possible impacts.

Learn More
Mining and your Community: Know your Environmental Rights

The mining company (also called the applicant) – once a person or company submits an application to the DMR for a mining right or a prospecting right, it becomes known as the applicant. Once the right has been granted, the applicant is called the right holder.

Learn More
Sexual harassment claims in mining industry shock WA ...

 · A senior WA government minister says mining companies appear to have failed to meet reporting obligations amid shocking revelations about cases of …

Learn More
Mining risk and assurance

As mining companies plan for a more confident, yet still volatile economic environment, value should take priority over volume. By integrating sound risk and assurance practices into strategy, internal and external stakeholders gain greater confidence that the company can sustain its performance. David Waldron . Partner, Global Mining

Learn More
Repatriation obligations in West Africa – the impact on ...

 · Mining companies should conduct early analysis of how its cash flow structure will be affected by repatriation obligations and any restrictions on the company''s ability to move repatriated funds back offshore to service debt, pay suppliers, fund reserve accounts and pay dividends.

Learn More
NOTE FOR MINING AND OIL & GAS COMPANIES

1 Introduction This Note sets out specific requirements, rule interpretation and guidance relating to resource companies forms part of the AIM Rules for Companies (and comes within the definition of Note in those rules) and AIM Rules for Nominated Advisers. For the avoidance of doubt, where an applicant is issuing a Prospectus, both the Prospectus Rules and the AIM Rules for Companies must ...

Learn More
Mining companies urged to fulfill social obligations ...

 · Mining companies operating in PNG have been urged to invest in local communities'' initiatives to fulfill its social obligations, if they are looking at expanding in PNG. The call comes from Mining Minister, Johnson Tuke, when addressing the media last week Friday regarding the Mining …

Learn More
Financial reporting in the mining industry International ...

context of a specific company or industry. IFRS is a principles based framework and short on industry guidance. PwC looks at how IFRS is applied in practice by mining companies. This publication identifies the issues that are unique to the mining industry and includes a number of real life examples to demonstrate how companies are responding

Learn More
How can mining contribute to the Sustainable Development ...

Mining companies have the potential to become leading partners in achieving the SDGs. Through their direct operations, mining companies can generate profits, employment, and economic growth in low ...

Learn More
Mining Companies: Capital Markets and Regulatory ...

 · Mining Companies: Capital Markets and Regulatory Obligations for Advanced-Stage Mining Projects (TSX, AMF and MERN) Speakers: Luc Arsenault (TSX), André Laferrière, Marie-Claude Brunet-Ladrie (AMF), Jean-Martin Gauthier, Vincent Fréchette and Denys Laplante (MERN). Date: November 18, 2019 from 9:00 a.m. to 4:30 p.m. Room: 308-A The short course is free of charge, but …

Learn More
Revenue Recognition for Shipping Agreements | RevenueHub

 · The Company, therefore, has separate performance obligations for freight/shipping services which are provided solely to facilitate sale of the commodities it produces. (2019 10-K/A) This financial statement disclosure helps investors understand the nature of McEwen Mining''s revenue recognition policies.

Learn More
Indonesia reverses coal export ban for three companies

 · JAKARTA : Indonesia has reversed coal export bans for three companies after they complied with domestic market obligations, an official at the energy and natural resources ministry told Reuters on Monday. Indonesia suspended coal exports from 34 coal mining companies earlier this month after it said the companies failed to sell an obligatory ...

Learn More
Mining and resources

For mining or exploration companies, production targets (i.e. projections or forecasts of the amount of minerals to be extracted from mining tenements for periods that extend past the current and forthcoming year), forecast financial information, and income-based valuations are forward-looking statements because they comprise, or are based on ...

Learn More
Mining companies working in rural communities should not ...

 · The situation in Deka area reflects how some mining companies working in rural communities are neglecting their Corporate Social Responsibility (CSR) obligations by …

Learn More
Congo initiates probe into China Moly''s ...

 · The Democratic Republic of Congo established a commission to ensure China Molybdenum Co. is complying with its contractual obligations regarding the giant Tenke Fungurume copper and cobalt project ...

Learn More
What are the Necessary Obligations a Mining Company Must …

What are the Necessary Obligations a Mining Company Must Know. Metals mining review | Tuesday, November 10, 2020 . ... On the other hand, if the system is not provided under an agreement, the mining company needs to take into account its responsibility in case of infringement of rights and decide if a critical disclaimer would be necessary.

Learn More
Positive socio-economic obligations on mining companies ...

 · The paper argues that because of the public impacts of power privately exercised, given the strong ties of dependency between mining companies and affected communities, and by placing rights holders at the centre of human rights realisation, corporate obligations should extend to the fulfilment of socio-economic rights.

Learn More
MONITORING LOCAL CONTENT AND FISCAL OBLIGATIONS …

Monitoring obligations of mining companies in Cameroon Page 6 Executive Cameroon is endowed with important mineral resources that are attracting mining companies. Since the publication of a business friendly mining code in 2001, over 167 exploration permits have been issued to mining companies, for only 40% of the Cameroonian territory ...

Learn More
R.D. Krause, Centre for Applied Legal Studies, University ...

past, the manner in which mining companies rehabilitate the land used for mining, both surface and underground, requires careful regulation. For the system to be effective, accountable and user-friendly, the obligations and processes should be clearly defined in the legislation. Further, the

Learn More
4 No. 41934 GOVERNMENT GAZETTE, 27 SEPTEMBER 2018 ...

MINING AND MINERALS INDUSTRY, 2018. I, Samson Gwede Mantashe, Minister of Mineral Resources, hereby in terms of section 100 (2) of the Mineral and Petroleum ... company" means . a . company . with . a . minimum . B -BBEE level . 4 . status . in . terms . the of . Department . of . Trade . and Industry''s Broad -Based Black Economic . Empowerment ...

Learn More