statutory requirements for investing in exploration and mining of mineral resources in nigeria


Nigerian Mining Sector Brief | 1 Nigerian Mining Sector Brief

State Governors to revive the Mineral Resources and Environment Management Committee (MIREMCO), a statutory body provided for in the Nigerian Minerals and Mining Act, to enhance governance of the sector. • Project funding: Due to the long period of

4th Edition

The mining industry in South Africa is administered by the Department of Mineral Resources, the head officeof which is situated in Pretoria South Africa and each of the nine regions of South Africa have regional officesof the Department of Mineral Resources. There is also a

Private capital is ready to invest $7 billion in mining

 · Private capital is ready to invest $7 billion in mining. According to a study of private capital in the resources sector from industry tracker Preqin, half of investors in the mining and metals ...

MINERALS AND MINING POLICY OF GHANA Ensuring mining contributes to sustainable development

Ghana‟s flagship mineral, gold had declined to about 283,000 ounces per annum. 2.0 Overview of Ghana''s Minerals and Mining Sector Ghana is well endowed with substantial mineral resources, the major ones being gold, diamonds, manganese and

Mining licence guidelines

 · These circumstances include a temporary mine closure, during which further exploration is undertaken to identify mineral resources required to recommence mining. "Exploration only" on a mining licence can only be approved by the Minister for a …

Exploration reporting guidelines

Download the complete reporting guide. Guide for exploration, retention and mining licence holders for reporting on exploration activities (WORD, 455.7 KB) These guidelines detail the requirements of the technical report and provide additional prescription for digital data above that detailed in the Australian Requirements for the Submission of ...

NSW RESOURCES REGULATOR STATUTORY REVIEW OF THE …

To: NSW RESOURCES REGULATOR Re: STATUTORY REVIEW OF THE WORK HEALTH AND SAFETY (MINES AND PETROLEUM SITES) ACT 2013 AND REGULATION 1 MAY 2020 Introduction The Association of Mining and Exploration Companies

DPR Guidelines – Department of Petroleum Resources

Guidelines for the Establishment of Hydrocarbon Process Plants (Petroleum Refinery and Petrochemicals Plants) in Nigeria. Last Updated: June 2008. Download. Establishment of Modular Refineries. General Requirements and Guidance Information for The Establishment of Modular Refineries In Nigeria. Last Updated: May 2017.

The 5 biggest private funds investing in mining

Investing in mining can be a rollercoaster. Downtown Denver, Colorado, USA According to a new report by private capital tracker Preqin, overall fundraising for natural resources investment ...

THE LEGAL AND REGULATORY FRAMEWORKK FOR MINING IN …

exploration and exploitation of mineral resources in Nigeria: (a) Reconnaissance Permit: This permit allows, on a non-exclusive basis, reconnaissance activities on all land within Nigeria that is available for mining operations. The permit is issued and

Financial reporting in the mining industry International Financial …

International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an increasing number of countries around the world. Over 100 countries either use or are adopting IFRS. Those companies already on IFRS have their

ANALYSIS: How 12 years of unethical practices stunted …

 · NEITI''s maiden report covered a 4-year (2007 to 2010) and showed that over 70 per cent of mining title holders in Nigeria''s solid mineral sector are inactive companies, causing Nigeria''s ...

Heron Resources Limited • Base and Precious Metals Exploration and Development

Heron Resources Limited 3 JORC 2012 Compliancy Statements (cont.) • The information in this report that relates to exploration is based on information compiled by Ian Buchhorn who is a Member of the Australasian Institute of Mining and Metallurgy. Ian Buchhorn ...

Vice President

Ensure exploration data quality meets JORC Code 2012 requirements for Exploration results and of the Competent Person for the public reporting of Mineral Resources. Oversee and ensure industry best practice in data collection, data and information management, interpretation, processing, quality control quality assurance (QAQC) and analysis of the results of drilling and other geological and ...

Mining in Thailand An Investment Guide

Mining in Thailand An Investment Guide 112 Licence. Under the Foreign Business Act B.E. 2542, operating a mining business, including rock quarrying and an aggregate crushing plant, is generally not allowed for foreign investment. However, foreigners may operate

Legislation, regulations and guidelines | Australia Minerals

 · Philippines: Mining Laws and Regulations 2021 ICLG - Mining Laws and Regulations - Philippines covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.

Mining

statutory requirements as specified in the relevant Act(s). As stipulated in the Exploration and Mining Policy, extensions to Prospecting Licenses are normally …

Laws & Guidelines Regulating Solid Mineral Industry in …

 · Laws & Guidelines Regulating Solid Mineral Industry in Nigeria – You need to know about Nigerian minerals and mining regulations 2011, mining regulations in Nigeria, Nigerian minerals and mining act 2007, national minerals and metals policy 2008 Nigeria, mines and minerals act 2014, history of mining in Nigeria, problems of mining in Nigeria.

Indonesian Joint Committee for Mineral Reserves KODE KCMI 2017

Exploration Result Mineral KODE – KCMI 2017 s, Resources and Mineral Reserves Indonesian Joint Committee for Mineral Reserves Compiled by: The Joint Committee of KCMI IAGI – Indonesian Association of Geologists PERHAPI – Indonesian Association of Mining

Technical due diligence for the mining industry – AMC …

Exploration prospects are treated somewhat differently in the approach of due diligence, focussing on exploration potential rather than likely production. Exploration potential valuation is a subjective exercise, but this does not remove the need for independent technical assessment; rather it increases the demand for specialist advice.

Legal Framework And Requirements For Oil And Gas …

 · Before this type of license is granted, the applicant must prove that it has the requisite financial resources for at least $10,000,000 (Ten Million US Dollars) or One Billion Naira in its equivalent or in the case of an applicant having a technical partner, they must both

The JORC Code

includes a statement on Exploration Results, Mineral Resources or Ore Reserves. The incorporation of the Code imposes certain specific requirements on mining or exploration companies reporting to the ASX and NZX. The 2004 edition of the Code has included

Mining Law 2021 | Laws and Regulations | Philippines | ICLG

 · Philippines: Mining Laws and Regulations 2021 ICLG - Mining Laws and Regulations - Philippines covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, …

LA MINING IN AFRICA GUIDE

exploration and mining operations Mining rights can be awarded pursuant to a public tender or upon request. Articles no. 90, 91, ... dispose of extracted mineral resources and market them, in accordance with the law; through extraction proceeds, recoup ...

All you need to know about obtaining a Mining Lease in …

 · IFRS 6 Ex­plo­ration for and Eval­u­a­tion of Mineral Resources has the effect of allowing entities adopting the standard for the first time to use accounting policies for ex­plo­ration and eval­u­a­tion assets that were applied before adopting IFRSs. It also modifies im­pair­ment testing of ex­plo­ration and eval­u­a­tion ...

Exploration licences and regulation

An exploration licence gives the licence holder the exclusive right to explore for petroleum or for specific minerals or petroleum within a designated area, but does not permit mining, nor does it guarantee that a mining or production lease will be granted. Only a very small percentage of land that is subject to exploration licences ever ...

GUIDE

• Mineral and Petroleum Resources Development Act, 28 of 2002 (the MPRDA) in the context of mineral prospecting and mining, and oil and gas exploration and production-related activities; • Water Services Act, 108 of 1997; • National Forests Act, 84 of

SEC.gov | Modernization of Property Disclosures for …

 · Disclosure Regarding Mineral Resources The rules require a registrant with material mining operations to classify its mineral resources into inferred, indicated, and measured mineral resources, in order of increasing confidence based on the level of underlying

Offshore oil and gas exploration and development | …

Exploration doesn''t always result in oil or gas discovery. Seismic surveying A key part of oil and gas exploration is seismic surveying, which involves sending controlled pulses of sound towards the seabed to generate detailed images of underlying geological

Overview of an effective governance policy for mineral …

 · Companies investing in mineral exploration and mineral development projects in Malaysia are encouraged with more front-end investment incentives to attract more venture investors. Companies involved in mineral processing activities and the manufacturing of mineral-based products do enjoy several investment incentives and other facilities.

IFRS 6 — Exploration for and Evaluation of Mineral …

 · IFRS 6 Ex­plo­ration for and Eval­u­a­tion of Mineral Resources has the effect of allowing entities adopting the standard for the first time to use accounting policies for ex­plo­ration and eval­u­a­tion assets that were applied before adopting IFRSs. It also modifies im­pair­ment testing of ex­plo­ration and eval­u­a­tion ...

Financial reporting in the mining industry International Financial Reporting Standards …

International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an increasing number of countries around the world. Over 100 countries either use or are adopting IFRS. Those companies already on IFRS have their

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