ºÝºÝߣshows by User: VinodSao / http://www.slideshare.net/images/logo.gif ºÝºÝߣshows by User: VinodSao / Thu, 06 Nov 2014 22:19:14 GMT ºÝºÝߣShare feed for ºÝºÝߣshows by User: VinodSao Mozambique mining law no 20 2014, dated 18 August 2014 /slideshow/mozambique-mining-law-no-20-2014-dated-18th-august/41239158 mozambiquemininglawno20-2014dated18thaugust-141106221914-conversion-gate01
The Mining Law 20/2014 of 18 Aug 2014, (an unofficial English version) promulgated on 22 Aug 2014 replacing Mining Law 14/2002 in Mozambique. However, Art 83 saves provisions of this law in relation to mining contracts that were in force prior to 22 August 2014. For investment in Mozambican project is now subject to Provisions laid under Chapter VII- Article 62 which requires prior approval of the Govt. Art 62.1 The transfer of rights and obligations conferred under mining holding permits and/or mining rights to an affiliate or a third party must be made in accordance with Mozambican law and is subject to approval by the Government. Art 62.2. This provision also applies to other direct and indirect transfers of participation interests, permits and/or mining rights, including the transfer of shares or other forms of participation. Other Key changes brought in the New Mining Law are- • new mining contracts must provide for State participation in the mining operations (no minimum of maximum percentage participation is specified), • introduction of local content requirements; non-nationals must "associate" themselves with a Mozambican national in order to provide goods and services to mining operators, • introduction of domestic supply obligations that give the Government the right to buy minerals at market price for use in the local industry - if Mozambique's commercial interests so require, • all transfers of mining rights, whether direct or indirect, are subject to approval by the Ministry of Mineral Resources (MIREM), • introduction of signing bonuses for mining concessions awarded through public tender; • details of new mining contracts must be published in Mozambique's Official Gazette, • discontinuation of the tax stabilization provision which featured in the previous mining law. The New Mining Law explicitly excludes matters relating to tax from mining contracts. • reduction of the maximum period for exploration licences from 10 to 8 years, and • mining concession holders to start production within 48 months of the issuance of a mining concession. Under the previous law, production had to be started within 36 month of the issuance of a DUAT (right to use and enjoy land) and an environmental permit.]]>
The Mining Law 20/2014 of 18 Aug 2014, (an unofficial English version) promulgated on 22 Aug 2014 replacing Mining Law 14/2002 in Mozambique. However, Art 83 saves provisions of this law in relation to mining contracts that were in force prior to 22 August 2014. For investment in Mozambican project is now subject to Provisions laid under Chapter VII- Article 62 which requires prior approval of the Govt. Art 62.1 The transfer of rights and obligations conferred under mining holding permits and/or mining rights to an affiliate or a third party must be made in accordance with Mozambican law and is subject to approval by the Government. Art 62.2. This provision also applies to other direct and indirect transfers of participation interests, permits and/or mining rights, including the transfer of shares or other forms of participation. Other Key changes brought in the New Mining Law are- • new mining contracts must provide for State participation in the mining operations (no minimum of maximum percentage participation is specified), • introduction of local content requirements; non-nationals must "associate" themselves with a Mozambican national in order to provide goods and services to mining operators, • introduction of domestic supply obligations that give the Government the right to buy minerals at market price for use in the local industry - if Mozambique's commercial interests so require, • all transfers of mining rights, whether direct or indirect, are subject to approval by the Ministry of Mineral Resources (MIREM), • introduction of signing bonuses for mining concessions awarded through public tender; • details of new mining contracts must be published in Mozambique's Official Gazette, • discontinuation of the tax stabilization provision which featured in the previous mining law. The New Mining Law explicitly excludes matters relating to tax from mining contracts. • reduction of the maximum period for exploration licences from 10 to 8 years, and • mining concession holders to start production within 48 months of the issuance of a mining concession. Under the previous law, production had to be started within 36 month of the issuance of a DUAT (right to use and enjoy land) and an environmental permit.]]> Thu, 06 Nov 2014 22:19:14 GMT /slideshow/mozambique-mining-law-no-20-2014-dated-18th-august/41239158 VinodSao@slideshare.net(VinodSao) Mozambique mining law no 20 2014, dated 18 August 2014 VinodSao The Mining Law 20/2014 of 18 Aug 2014, (an unofficial English version) promulgated on 22 Aug 2014 replacing Mining Law 14/2002 in Mozambique. However, Art 83 saves provisions of this law in relation to mining contracts that were in force prior to 22 August 2014. For investment in Mozambican project is now subject to Provisions laid under Chapter VII- Article 62 which requires prior approval of the Govt. Art 62.1 The transfer of rights and obligations conferred under mining holding permits and/or mining rights to an affiliate or a third party must be made in accordance with Mozambican law and is subject to approval by the Government. Art 62.2. This provision also applies to other direct and indirect transfers of participation interests, permits and/or mining rights, including the transfer of shares or other forms of participation. Other Key changes brought in the New Mining Law are- • new mining contracts must provide for State participation in the mining operations (no minimum of maximum percentage participation is specified), • introduction of local content requirements; non-nationals must "associate" themselves with a Mozambican national in order to provide goods and services to mining operators, • introduction of domestic supply obligations that give the Government the right to buy minerals at market price for use in the local industry - if Mozambique's commercial interests so require, • all transfers of mining rights, whether direct or indirect, are subject to approval by the Ministry of Mineral Resources (MIREM), • introduction of signing bonuses for mining concessions awarded through public tender; • details of new mining contracts must be published in Mozambique's Official Gazette, • discontinuation of the tax stabilization provision which featured in the previous mining law. The New Mining Law explicitly excludes matters relating to tax from mining contracts. • reduction of the maximum period for exploration licences from 10 to 8 years, and • mining concession holders to start production within 48 months of the issuance of a mining concession. Under the previous law, production had to be started within 36 month of the issuance of a DUAT (right to use and enjoy land) and an environmental permit. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/mozambiquemininglawno20-2014dated18thaugust-141106221914-conversion-gate01-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> The Mining Law 20/2014 of 18 Aug 2014, (an unofficial English version) promulgated on 22 Aug 2014 replacing Mining Law 14/2002 in Mozambique. However, Art 83 saves provisions of this law in relation to mining contracts that were in force prior to 22 August 2014. For investment in Mozambican project is now subject to Provisions laid under Chapter VII- Article 62 which requires prior approval of the Govt. Art 62.1 The transfer of rights and obligations conferred under mining holding permits and/or mining rights to an affiliate or a third party must be made in accordance with Mozambican law and is subject to approval by the Government. Art 62.2. This provision also applies to other direct and indirect transfers of participation interests, permits and/or mining rights, including the transfer of shares or other forms of participation. Other Key changes brought in the New Mining Law are- • new mining contracts must provide for State participation in the mining operations (no minimum of maximum percentage participation is specified), • introduction of local content requirements; non-nationals must &quot;associate&quot; themselves with a Mozambican national in order to provide goods and services to mining operators, • introduction of domestic supply obligations that give the Government the right to buy minerals at market price for use in the local industry - if Mozambique&#39;s commercial interests so require, • all transfers of mining rights, whether direct or indirect, are subject to approval by the Ministry of Mineral Resources (MIREM), • introduction of signing bonuses for mining concessions awarded through public tender; • details of new mining contracts must be published in Mozambique&#39;s Official Gazette, • discontinuation of the tax stabilization provision which featured in the previous mining law. The New Mining Law explicitly excludes matters relating to tax from mining contracts. • reduction of the maximum period for exploration licences from 10 to 8 years, and • mining concession holders to start production within 48 months of the issuance of a mining concession. Under the previous law, production had to be started within 36 month of the issuance of a DUAT (right to use and enjoy land) and an environmental permit.
Mozambique mining law no 20 2014, dated 18 August 2014 from Vinod Sao
]]> 1573 3 https://cdn.slidesharecdn.com/ss_thumbnails/mozambiquemininglawno20-2014dated18thaugust-141106221914-conversion-gate01-thumbnail.jpg?width=120&height=120&fit=bounds document Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 https://cdn.slidesharecdn.com/profile-photo-VinodSao-48x48.jpg?cb=1724604236 • Possessing over 23 years of empirical experience in acquiring and developing greenfield mining projects • Conducting unscrupulous techno-commercial due diligence of mining assets for strategic M&A • Valuation of mining assets for equity placement into the junior mining companies • Resource business development in various African countries including Kazakhstan, Mongolia Philippines, and Indonesia