Regulation

Federal Government Announces Junior Mineral Exploration Tax Credit

On 2 September 2017, the Government announced a welcome new four-year $100 million Junior Mineral Exploration Tax Credit (JMETC) following the expiry of the existing Exploration Development Incentive (EDI) exploration credit regime. The JMETC will commence this 2017-18 financial year. … Continue reading

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Filed under Australia, Energy, Mining, Mining Infrastructure, Regulation, Resources

High Court applies strict compliance test under the Mining Act 1978 (WA) and raises doubts regarding tenement validity –remedial legislative response required

In its recent decision in Forrest & Forrest v Wilson [2017] HCA 30, the High Court held that a failure to strictly comply with the technical lodgements requirements of the Mining Act 1978 (WA) (Mining Act) invalidated a decision of … Continue reading

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Filed under Australia, Energy, Mining, Mining Infrastructure, Regulation, Resources, Western Australia

Queensland explores mining rehabilitation and financial assurance reforms

At a glance The Queensland Government has proposed broad policy and legislative reform in relation to financial assurance and mine rehabilitation with a view to improving rehabilitation performance, reducing reliance on the financial assurance system and clarifying mine rehabilitation requirements. … Continue reading

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Filed under Australia, Energy, Mining, Queensland, Regulation

Argentina seeks to double investment in mining sector

The Argentina government is working on a bill to establish a federal mining agreement to harmonise all existing legislation across the different provinces and with the federal government. After a year of intensive negotiations with the different provinces, the Argentine … Continue reading

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Filed under Mining Infrastructure, Regulation, Resources, Uncategorized

Current trends and regulatory changes for the mining industry in QLD – a quick review

If announcements are anything to go by, the immediate future for the mining industry at a regulatory level is looking brighter. The Queensland Government has announced their intention to attempt to decrease the inefficiencies that currently exist at a compliance … Continue reading

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Filed under Mining, mining claims, Mining Infrastructure, OHS, Queensland, Regulation

A global contract law? What is in store for Australia?

Some utopian visions of the world foresee that, in a globalising economy, we will be ruled by a ‘global law’ – a law that is not connected to any particular nation state. But the concept of a universal law, applying … Continue reading

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Filed under Economy, Globalisation, Regulation

Foreign mining investors to be stripped of majority ownership

Foreign mining investors will be required to divest majority ownership in companies holding mining business permits under a new Presidential Regulation issued recently. On February 21 this year, the Indonesian Government implemented a forced divestment framework to capture and ultimately … Continue reading

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Filed under Indonesia, Regulation

Anti-bribery and the mining push into developing countries

2011 was an active year for law enforcers on the foreign bribery and corruption front. Australian business found itself in a new era – where law enforcers around the world have been pursuing bribery and corruption issues with renewed vigour … Continue reading

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Filed under Australia, Bribery, Regulation, UK

Production targets should be backed up by competent persons

Market confusion the likely outcome if changes aren’t made regarding the disclosure of production targets says ASIC. According to ASIC’s recent public submission paper responding to issues papers from the ASX and JORC, the reporting of production targets and financial … Continue reading

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Filed under ASIC, JORC, Regulation

Disclosing production targets

Controversy surrounds listed mining companies disclosing their production targets with the ASX and JORC unexpectedly deciding to release separate consultation papers on the issue. The production target disclosures debate was highlighted in ‘08 with the Midwest Corporation Limited Takeovers Panel … Continue reading

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Filed under ASX, Australia, Mining, Regulation