Mining tenement management/monitoring is all about ensuring that any mining company with a mining lease compiles with all mineral act that includes legislations and securing tenement resources. Statutory and technical assistance include; permit renewals, permit applications, relinquishments, transfer, mining reports, and variation requests. Drafting due diligence and knowledgeable mining progress/reports anytime they are needed by the host government also fall under a mining tenement management. As a mining company, it is wise to find more about the whole management scheme and its contribution to your explorations, prospecting, development, mining, and environmental exploration stages.
What is Tenement Management Contributions and benefits?
Land Access
Mining tenement management is a board or an organization established to help mining investors apply land lease and other mining rights. One of the most valuable rights is the land lease for exploration, mining, and production. The management scheme is supposed to act as a link between you and the private landowners by arranging compensation procedures and other compliances. The main management task is to negotiate and draft a land access agreement while issuing timely and accurate notifications to lodging and landowners about the whole process. They are also part of maintaining a good relationship between the leaseholders/stakeholders and landowners. Lastly, they help in generating maps, geological locations, and data to the mining company.
Cultural Heritage and Native Title
Complying with cultural heritage and native title obligations can be a time-consuming and complex process to follow, especially if you are a new investor in a foreign country. Mining tenement management will help you relate and try to outline for you some basic heritage and other regulations. As a mining investor, it is wise to consider local communities and respect their traditions, including shrines and place worship. It would help if you had a team to help you relate and identify some heritage and native title claimants before proceeding to excavations and mining.
Compliance, Statutory Obligations, and Sub-block Retention
Provision of geological maps, exploration data, and landholder contact information and title also includes the entry of lease information to landowners. The management team also helps in negotiations with all exploration and prospecting agreements with locals. Statutory and technical assistance include the lodgment of lease applications, relinquishments, renewals, variation reports, and requests. Mining should always be according to the state directions and compliance with the country’s mining acts and regulations. As a mining company, your role is to ensure that you adhere to all rules and environmental conservations.
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