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Book Cover
E-book
Author Oshionebo, Evaristus

Title Mineral Mining in Africa : Legal and Fiscal Regimes
Published Milton : Taylor & Francis Group, 2020

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Description 1 online resource (379 pages)
Contents Cover -- Half Title -- Title Page -- Copyright page -- Dedication -- Contents -- List of tables -- Preface -- Acknowledgements -- Abbreviations -- 1. Overview of mining in Africa -- 1 Introduction -- 1.1 History of mining in Africa -- 1.2 Ownership of minerals -- 2 Generations of mining statutes in Africa -- 2.1 'Nationalist' and 'statist' statutes of the post-colonial era -- 2.2 Economic liberalization statutes -- 2.3 Development-oriented statutes of the post-liberal era -- 3 Economic significance of mining in Africa -- 4 Aim and structure of the book -- 2. Types of mineral rights in Africa
1 Introduction -- 2 Reconnaissance licence -- 2.1 Rights conferred by a reconnaissance licence -- 2.2 Terms and conditions of a reconnaissance licence -- 2.3 Duration and renewal of a reconnaissance licence -- 3 Prospecting licence -- 3.1 Rights conferred by a prospecting licence -- 3.2 Terms and conditions of a prospecting licence -- 3.3 Duration and renewal of a prospecting licence -- 3.4 Relinquishment of land upon renewal of a prospecting licence -- 4 Exploration licence -- 4.1 Rights conferred by an exploration licence -- 4.2 Terms and conditions of an exploration licence
4.3 Record-keeping and reporting obligations -- 4.4 Duration and renewal of an exploration licence -- 4.5 Relinquishment of land upon renewal of an exploration licence -- 5 Retention licence -- 5.1 Rights conferred by a retention licence -- 5.2 Terms and conditions of a retention licence -- 5.3 Duration and renewal of a retention licence -- 6 Mining lease -- 6.1 Rights conferred by a mining lease -- 6.2 Standard terms and conditions of a mining lease -- 6.3 Duration, renewal, and amendment of a mining lease -- 7 Small-scale mining lease -- 7.1 Rights conferred by a small-scale mining lease
7.2 Terms and conditions of a small-scale mining lease -- 7.3 Duration and renewal of a small-scale mining lease -- 8 Common features of mineral rights -- 8.1 Transferability of mineral rights -- 8.2 Surface rights ancillary to mineral rights -- 8.3 Priority of mining operations over other uses of land -- 9 Conclusion -- 3. Acquisition of mineral rights -- 1 Introduction -- 2 Land available for mining operations -- 3 Requirements for grant of mineral rights -- 3.1 Eligibility requirements -- 3.2 Indigenization and domestic incorporation requirements -- 3.3 Financial and technical competency
4 Methods of acquisition of mineral rights -- 4.1 Discretionary grant -- 4.2 Public auction of mineral rights -- 4.3 Mergers and takeover transactions -- 5 Registration of mineral rights -- 6 An assessment of the mineral rights acquisition process -- 6.1 Paucity of domestic and indigenous participation -- 6.2 Rarity of public auctions -- 6.3 Consultation with host communities -- 7 Conclusion -- 4. Security of mineral tenure -- 1 Introduction -- 2 Sources of mineral rights -- 2.1 Statute-based mineral rights -- 2.2 Contract-based mineral rights -- 3 Time of vesting of mineral rights
Summary Africa is endowed with commercially viable quantities of several minerals and metals, and, more than ever before, African countries wish to harness their mineral resources for their economic development. The African mining sector has witnessed a revolution in terms of new mining codes and amendments to extant mining codes, which are designed to achieve a multitude of objectives, including the assertion of greater control over exploitation of mineral resources; optimization of resource royalties and taxes; promotion of equity participation in mining projects; enhancement of indigenization in the form of domestic participation in mineral production and local content requirements; value addition and beneficiation in terms of domestic processing of raw mineral ores and metals in Africa; and the promotion of sustainable practices in the mining sector. This book analyzes the legal and fiscal frameworks for hard-rock mining in several African countries including Botswana, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Namibia, Nigeria, Liberia, Tanzania, Sierra Leone, South Africa, South Sudan, Zambia, and Zimbabwe, with reference to other resource-rich countries. It engages in a comparative analysis of mining statutes in Africa with regard to topics such as the acquisition of mineral rights; types of mineral rights; the nature of mineral rights; the rights and obligations of mineral right holders; security of mineral tenure; surface rights; fiscal regimes including royalty and tax regimes; resource nationalism in the mining sector; management and utilization of mining revenues including benefit-sharing arrangements between mining companies and host communities; environmental stewardship; and sustainable exploitation of mineral resources
Notes Print version record
Subject Mines and mineral resources -- Economic aspects -- Africa
Mines and mineral resources -- Africa
Mines and mineral resources -- Economic aspects
Mines and mineral resources
Africa
Form Electronic book
ISBN 9781351055529
1351055526