Ecuador referendum result complicates mining outlook

2018 ◽  
Keyword(s):  
Mineral Deposits ◽  
Local Elections ◽  
Mining Activities ◽  
Mining Sector ◽  
Content Type ◽  
National Assembly ◽  
Mining Companies ◽  
Southern Highland ◽  
Made In ◽  
Large Deposits

Subject Mining outlook. Significance On March 16, Ecuador’s National Assembly overturned a law that provided tax breaks for mining companies. The move was made in accordance with the results of February’s national referendum, which look set to complicate the prospects of Ecuador’s mining sector. The seven-question plebiscite, which President Lenin Moreno launched to demonstrate popular support for his political and economic programme, included two mining-related questions -- one on overturning the tax-break law and one seeking to place stricter limits on mining activities. Both were backed enthusiastically by the electorate. Impacts Rising world metal prices will increase the desire of mining firms to exploit Ecuador’s largely untapped mineral deposits. Mining will be a key issue in 2019 local elections, especially in southern highland provinces where large deposits are located. Mining concessions will face greater scrutiny as environmental organisations seek to ensure they do not contravene the constitution.

Colombia vote raises concerns for mining firms

2016 ◽  
Keyword(s):  
Local Governments ◽  
Central Government ◽  
Mining Activity ◽  
Government Support ◽  
Constitutional Court ◽  
Mining Activities ◽  
Content Type ◽  
Mining Companies ◽  
Legal Costs ◽  
Mining Projects

Subject Local vetoes on mining activities. Significance Local governments opposed to mining projects planned in their districts have been awarded new powers to derail developments through a series of decisions from the Constitutional Court. On July 29, authorities in Tolima became the first to leverage one such decision in order to approve plans for a referendum over a proposed local ban on mining activity. Impacts Even firms with strong central government support will have scant protection from regulatory risk. Mining companies may see legal costs mount as they prepare appeals against court rulings that could undermine the viability of projects. Delays will further undermine government efforts to bolster Colombia's economy via the expansion of this strategic industry.

Conflict looms between Congo and mining companies

2018 ◽  
Keyword(s):  
Business Environment ◽  
Mining Sector ◽  
Content Type ◽  
Mining Companies ◽  
The Government ◽  
Investor Protections ◽  
Major Project

Subject Congo's new mining code. Significance After five years of deliberation, Congo’s parliament on January 27 adopted new legislation regulating the all-important mining sector. If signed by President Joseph Kabila, the sweeping overhaul will raise royalties, introduce new taxes and remove existing investor protections. International mining companies are planning to fight back, but the government appears unwilling to yield, betting on Congo’s position as the world’s largest source of cobalt. Impacts The authorities could threaten or execute expropriation of a major project to demonstrate their seriousness. New projects might be suspended or shelved. Investors might increase contacts with Kabila’s political opponents to raise pressure on the embattled president. The removal of investor protections will damage already-fragile confidence in Congo’s wider business environment.

scholarly journals DAMPAK POSITIF AKTIVITAS PERTAMBANGAN NIKEL TERHADAP KONDISI SOSIAL EKONOMI MASYARAKAT DI KECAMATAN TINANGGEA KABUPATEN KONAWE SELATAN

2019 ◽  
Vol 2 (1) ◽  
pp. 58
Author(s):  
Suriyani BB
Keyword(s):  
Positive Impact ◽  
Mining Industry ◽  
Economic Life ◽  
Mining Activities ◽  
Mining Sector ◽  
Mining Areas ◽  
Mining Companies ◽  
The People ◽  
Nickel Mining ◽  
Monthly Salary

One sector that contributes to foreign exchange is the dominant mining sector. This mining sector contributes 36% of the country's revenue. Among the activities of the nickel mining industry, it has had a positive impact on the state treasury from taxes and royalties. Therefore, the existence of these natural resources has economic potential that must be utilized in order to prosper the lives of the people in accordance with the provisions of Article 33 of the 1945 Constitution (paragraph 2). This study tries to examine the positive impact of nickel mining activities on the socio-economic conditions of the community. The purpose of the study was to describe the positive impact of nickel mining activities on the socio-economic life of the community in Tinanggea sub-district. The research method uses a qualitative approach based on data collection with observation techniques, interviews with informants and review documents related to this research.the results showed that the positive impact of nickel mining activities in Tinanggea District was that it could accommodate local workers or increase the opportunity for people to get jobs in mining companies, increasing community income through monthly salary gains, increasing micro-businesses in the surrounding mining areas. buying and selling activities between the community and employees working in mining companies. While the conclusions of the study were that mining activities in Tinanggea Subdistrict had a positive impact on the people of the region. Keywords :  Positive impact of nickel mining activities, Socio-economic community. 

Zambian mining sector could see further instability

2018 ◽  
Keyword(s):  
Government Debt ◽  
Policy Uncertainty ◽  
Policy Changes ◽  
Short Term ◽  
Mining Sector ◽  
Content Type ◽  
External Auditors ◽  
Mining Companies ◽  
China And India

Subject Zambian mining instability. Significance Copper miner First Quantum Minerals says it has not discovered material errors in its customs payments after bringing in external auditors to scrutinise transactions between 2013 and 2017. This follows claims by the Zambia Revenue Authority (ZRA) that Quantum underpaid the authorities by 76.50 billion kwacha (8.15 billion dollars). The Zambian government appears to be attempting to squeeze First Quantum and other mining companies -- whose transactions it also intends to audit -- to raise much-needed revenue amid ballooning government debt. Impacts The government’s pattern of implementing policy changes without meaningful consultation is likely to persist. Policy uncertainty and government efforts to squeeze more revenue from miners may deter large new mining investments in the short term. Much-needed spending on infrastructure and logistics will remain small, scattered and dependent on countries such as China and India.

South Korea's leader may be less secure than he looks

2018 ◽  
Keyword(s):  
Democratic Party ◽  
Local Elections ◽  
Short Term ◽  
Content Type ◽  
National Assembly ◽  
Parliamentary Elections ◽  
South Korean ◽  
Approval Rating ◽  
Left And Right ◽  
Ruling Party

Subject The strengths and weaknesses of South Korea's president and ruling party. Significance President Moon Jae-in's approval rating was 79% as of June 14, a record for any South Korean president after a year in office. His left-of-centre ruling Democratic Party (DP) won an unprecedented landslide in nationwide local elections on June 13; it now runs 14 of the 17 provinces and major cities. The party also won eleven of twelve National Assembly by-elections, gaining eight. He now faces no electoral tests until the next parliamentary elections, due in April 2020. Impacts Political party regroupings are likely, with possible mergers consolidating both the left and right. The short-term prospects for inter-Korean engagement appear good. The main risks regarding North Korea are US President Donald Trump’s unpredictability and uncertainty over Pyongyang's ultimate aims.

Egypt gold mining boom comes with risks for investors

2021 ◽  
Keyword(s):  
Gold Mining ◽  
Service Providers ◽  
Legal Framework ◽  
Mining Sector ◽  
Specialist Service ◽  
Content Type ◽  
Mining Companies ◽  
The Government ◽  
Petroleum Sector ◽  
The Military

Significance The government is prioritising expansion of the mining sector, including attracting foreign investment, after many years of neglect. However, the military's increasing dominance of parts of the economy, including the mining sector, creates risks, especially for foreign investors. Impacts The Egyptian bureaucracy and lack of specialist service providers will create obstacles for private sector investors. There is no immediate prospect of a legal framework to govern business relations between the military and international mining companies. Investors will not face the same credit risk in the mining sector as operators in the petroleum sector face.

Mining promotion will spark local conflicts in Peru

2018 ◽  
Keyword(s):  
Water Shortages ◽  
Mining Sector ◽  
Local Conditions ◽  
Content Type ◽  
Southern Peru ◽  
Mining Companies ◽  
The Government

Subject Outlook for the mining sector. Significance With tensions building up over mining concessions once again across southern Peru, President Martin Vizcarra's government is under growing pressure to produce formulae that attract investment without provoking the sort of social and environmental protests that have flourished over the last two decades. Some mining companies themselves have made strides in accommodating themselves to adverse local conditions. Impacts With minerals prices subject to volatile demand in China, investors may prefer to hedge their bets. The government lacks capacity to mediate conflict once it has arisen. Water shortages will become more acute with time.

Peru's Vizcarra faces grave challenges in final year

2020 ◽  
Keyword(s):  
Investment Decisions ◽  
The Political ◽  
Mining Sector ◽  
Content Type ◽  
Mining Companies ◽  
Single Term ◽  
Judicial Systems

Significance It was his last such speech, as Peru is entering an election year and has single-term presidencies. Having recently reshuffled his cabinet, Vizcarra is seeking closer relations with business. His plans to reform the political and judicial systems remain far from complete. Impacts The COVID-19 pandemic will continue to affect Peru for at least several more months. Steps will probably be taken to streamline investment decisions in the mining sector. Conflicts between mining companies and communities over extractive operations will resurface as the COVID-19 shutdown is relaxed.

scholarly journals Judicial Mandate in Safeguarding Environmental Rights from the Adverse Effects of Mining Activities in Zambia

2019 ◽  
Vol 22 ◽  
pp. 1-33
Author(s):  
Chipasha Mulenga
Keyword(s):  
Adverse Effects ◽  
Mining Activities ◽  
Polluted Environment ◽  
Mining Sector ◽  
Environmental Rights ◽  
Mining Companies ◽  
Clean Environment ◽  
Daunting Task ◽  
Policy Frameworks ◽  
The Government

The protection of the environment from the effects of mining activities, though cardinal, has been a daunting task in Zambia. A polluted environment affects the rights of those who depend on a clean one for their survival. In remedying the pollution caused by mining activities, numerous legislative and policy frameworks have been put in place and institutions responsible for ensuring compliance operationalised. Notwithstanding such interventions, the problem of pollution emanating from mining activities has persisted. This has led individuals and spirited non-governmental organisations to bring legal actions firstly against erring mining companies for their failure to comply with environmental regulations, and secondly against the government for its failure to ensure compliance by the mining companies. The courts before whom such matters have been brought have seemingly prioritised the supposed development brought by investment in the mining sector over the environmental rights of those whose livelihood is anchored in a clean environment. The article underscores the mandate of the courts in safeguarding the environmental rights of persons whose survival is dependent on a clean environment. In doing so the article critically examines the cases which have come before the courts and how these cases have been dealt with in relation to the protection of the environment and ultimately an individual's environmental rights.    

Tanzanian export ban unlikely to drive investors away

2017 ◽  
Keyword(s):  
Extractive Industries ◽  
Short Term ◽  
Mining Sector ◽  
Content Type ◽  
Mining Companies ◽  
The Government ◽  
Restrictive Measures ◽  
Smelting Capacity

Subject Tanzania metal ore export ban. Significance On March 2, the Tanzanian government announced it had banned export of metal ores by international mining companies, in what firms see as part of a continuing attack on the extractive industries sector. The government has attempted to negotiate increased tax bills, or settlement of unpaid ones, and has repeatedly threatened to take a greater slice of revenues. Impacts Donor criticisms of the ban will be muted but further restrictive measures would cause concern. Mining sector employment could be damaged in the short term as investment shifts to developing smelting capacity over expanding production. Magufuli’s popularity is likely to persist and he will be projected as a champion against exploitative foreign interests.

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