Offtake agreements are a key aspect of a successful mining project. Whether it be to secure project finance or a long-term customer, an offtake agreement formalizes promises made between buyers and sellers for the purchase and sale of production from a mining company's mine. Offtake agreements take many forms, ranging from long-term sales ...
The landowners of mining and hydrocarbon projects had viewed the 'traditional' compensable tenets such as land and water use and royalties that characterised the Bougainville mine regime as inadequate and successfully added equity, trust funds, preferential employment and business spin-offs into the agreements.
April 15, 2021. Share this article. Philippines lifts moratorium on new mineral agreements. Credit: Hands off my tags! Michael Gaida from Pixabay. The Philippine Government has removed a nine-year moratorium on new mineral agreements in …
Negotiating Mining Agreements: When is it Worth it? January 2001. Minerals and Energy - Raw Materials Report 16 (4):13-21. DOI: 10.1080/718660. Authors:
Offtake agreements and financing mine projects. Traditionally, offtake deals are concluded between fully operational mining companies looking to secure the sale of their mine output and buyers who are interested is satisfying their demand for a particular commodity, such as refiners, smelters or importers. However, over the past couple of …
To evaluate the potential efficacy of negotiated approaches, this article analyses forty-one agreements between mining companies and Aboriginal peoples in Australia. It argues that negotiated agreements do have the potential to protect indigenous cultural heritage, but only where underlying weaknesses in the bargaining position of …
Mining laws and agreements. Government attitude shifts toward their mineral sectors over the past decade have resulted in numerous changes to mining policies, laws and approaches to agreements. According to this author's count, based on primary and secondary data sources, since 1985, over 95 countries have either adopted new mineral …
09 June 2021. This is an Insight article, written by a selected partner as part of GAR's co-published content. Read more on Insight. Introduction. Long-term gas sales agreements …
Erich Schanze, Complex Business Contracts: Lessons from Mining Agreements, 12 U. St. Thomas L.J. 77 (2015).
1. Introduction. Community Development Agreements (CDAs) are becoming increasingly popular within the mining sector around the world. CDAs – which are also known by other names, such as Impact Benefit Agreements, Community Benefit Agreements, Memoranda of Understanding and Local Development Agreements – …
The need for stabilisation clauses in long-term mining agreements. Traditionally, the most acute form of political risk attending a foreign mining project has been nationalisation: the risk of the ...
The MMA requires mining companies to negotiate and enter into formal Community Development Agreements (CDAs) with host communities 33, and to spend 1% of 1% of their gross revenue on implementing the CDA. 34 The CDA requirement stipulates the obligations of mining companies to implement projects designed to improve the …
The aim of of this article is to help mining companies to answ er these complex questions, and also to strive to be of interest to governments that may find it useful in either gaining a better understanding of the behav iour and expectations of mining companies, or choosing the most appropriate option among v arious sy stem of mining …
Duterte lifts ban on new mining agreements. President Rodrigo Duterte has lifted the moratorium on new mining agreements, a move intended to shore up the pandemic-hit economy. Duterte signed ...
This article analyses the legal intricacies surrounding renegotiation of mining agreements in Tanzania and gives out the way to address them. Renegotiation of mining agreement which contain stability clause is very technical and requires effective participation of both parties. On one hand the state has sovereign powers to exploit …
Mining off-take agreements are vital contracts in South Africa's mining industry, facilitating the sale and export of minerals or commodities to global markets. These agreements offer benefits to both mining companies and buyers, including a stable revenue stream, reliable supply, and long-term partnerships. However, they also require …
Mining agreements with potentially significant revenues for Aboriginal communities in Canada and Australia have recently proliferated. Case studies have documented the impact of revenues from such ...
benefit agreements," or "social agreements." For a longer list of terms that are also used to describe such agreements, see Box 2.1 in World Bank, "Mining Community Development Agreements: Source Book," (March, 2012), p. 5. 2 A summary of key points in the CDAs reviewed is available at the Columbia
of mining agreements. This article will focus on these issues. The royalty to be paid to a landowner in one sense represents the "price" that is being paid for the privilege of exploring for and, ul-timately, extracting minerals. In an even broad-er sense, the way in which royalty agreements are structured is a strong reflection of the way
28 March 2018. Mining State Agreements: Understanding the Framework. 1 Western Australia – State of [agreement] Excitement. A State Agreement is the legislative approval of a contract between ...
Stabilisation Provisions in Long-Term Mining Agreements. Global Arbitration Review. Global July 31 2019. Sam Luttrell and Amanda Murphy, Clifford Chance. This is an extract from the first edition ...
These commercial agreements replace the binding heads of agreements with Takela that were announced on October 4, 2022, and February 20 in respect of the 75% commercial interest in Kinusi and on ...
Firms that generate any value from personal data will need to change the way they acquire it, share it, protect it, and profit from it. They should follow three basic rules: 1) consistently ...
Globally, some $8 trillion in assets under management are now dedicated to alternative financing. 5. Of this total, mining is a mere fraction, with alternative financing comprising $10 billion to $15 billion …
The Ghana lithium deal stands out for several reasons. Firstly, it offers an increased royalty rate of 10%, doubling the standard 5% typically observed in similar agreements. Secondly, the state's ...
It is a template for use in negotiations between the national government of the host country and the mining company. "Some sections of MMDA 1.0 refer to community agreements, but MMDA 1.0 itself is not a community development agreement."4 These are two diferent instruments, which may sometimes need to be used together.
If it doesn't, the U.S. can't get a license from the U.N.-backed International Seabed Authority to mine the ocean bottom. It won't have a say in drafting environmental …
works for mining and supporting model mining agreements as an interim measure. — Support the negotiation of ancillary agreements, including those that govern the …
It is the ordinary course of business for South African mining right holders ("MRH") to contract with third party service providers to carry out some, or all, of the physical mining operations for and on behalf of the mining company. Sub-contract agreements are entered into as between the MRH and the relevant sub-contractor and …
This paper aims to drive closer examination of Indigenous co-ownership of mining projects. It describes cases of Indigenous co-ownership in six countries (Canada, …
® Maintenance for Mining Customer Value Agreements (CVAs) give you a hassle-free experience. They simplify the maintenance of your mining fleet by making sure you get the parts and service you need right …
When the downturn comes it will be interesting to see if current trends in regional expenditure undergo significant shifts. 3. Mining laws and agreements. Government attitude shifts toward their mineral sectors over the past decade have resulted in numerous changes to mining policies, laws and approaches to agreements.
1. Introduction. Community Benefit Agreements (CBAs) between mining companies and local communities have become more common in recent decades (Gunton et al., 2021).These locally negotiated agreements can be seen as a response from the business and public sectors to one of the growing challenges of the mining industry—the …
The contract miner is responsible to his employees for their wages and fringe benefits. 55 Consequently, the contract miner is subject to any wage or mechanic's liens filed by his …