Effects Of Local Content Regulation In The Mining Sector


LOCAL CONTENT IN OIL AND GAS SECTOR

local content in the oil and gas industry in Uganda. It basically reviews the existing laws and policies as well as institutions to support local content and local content development in Uganda. The study also borrows on experience from other countries in relation to how those countries have treated local content issues in their laws.

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MINING LAW UPDATE: UNPACKING THE MINING (LOCAL CONTENT ...

Salient Features of the Mining (Local Content) Regulations, 2018 and the key changes brought forth by the Mining (Local Content) (Amendments) Regulations, 2019. Analysis and implications of the requirement for indigenous equity participation in mining activities as well as in the local content requirements in staffing of mining related entities. Know the minimum equity thresholds …

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AN ASSESSMENT OF LOCAL CONTENT POLICY AND ITS …

local content policies (LCP) that will protect the interest of the domestic firms and citizens. Ghana began working on local content policies since 2010. The tone was set by the enactment of the Minerals and Mining (General) Regulations, 2012-LI 2173 as a local content policy in the mining sector.

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Local Content Policies in the Oil, Gas, and Mining Sector

The conference's main objective is to share and discuss recent research on local content policies, and how to make them more effective for the benefit of governments, industry, and communities. Developing resource-rich countries have a real opportunity to harness their oil, gas and mining resources for sustained and inclusive growth.

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Impact of the amendments to the Mining Local Content ...

In this month's Finance Briefing we review the effects of the amendments to the Mining (Local Content) Regulations, 2018 on the operations of commercial banks in Tanzania.

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The emerging wave of local content regulations in the ...

Local content has, to date, focused on the oil and gas sector where regulations and institutional controls, at least in West Africa, are now entrenched. This is changing, and there are early signs of a wave of local content regulation in the mining sector, which is likely to coincide with an upturn in the fortunes of both precious and base ...

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Local Content For Mining Industry In Ghana

· Ghana began working on local content policies since 2010. The tone was set by the enactment of the Minerals and Mining (General) Regulations, 2012-LI 2173 as a local content policy in the mining sector. This was followed by that of the oil and gas industry - Petroleum (Local Content. Government to focus on local content ...

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Local Content Policies: What is the Impact on Construction ...

Local content's impact on industry players ... Fluor is exposed to a number of industries which have local content restrictions, including mining, energy, chemicals, and large infrastructure projects. Local content restrictions greatly affects Fluor's ability to do business. First off, it restricts the countries in which they can work ...

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LOCAL CONTENT POLICY & DESIGNATION

LOCAL CONTENT VERIFICATION CONDUCTED IN THE CURRENT FINANCIAL YEAR (2019/2020) Eleven designated sectors/products were prioritised. SABS Local Content division managed to conduct verification on 55 tenders and only 15 projects are still under way resulting in 70 projects in total: # Designated Sector Number of Tenders Selected

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LOCAL CONTENT IN THE MINING INDUSTRY

(2006), Act 703 has similar provisions. However to give real effect to the Act, in 2012, Parliament passed the Minerals and Mining General Regulations (2012), LI 2173. This LI among others contains specific provisions for regulating the procurement of local goods and services in the mining industry.

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Energy Reform and Local Content in Mexico: Effects in the ...

Energy Reform and Local Content in Mexico: Effects in the Mining Sector. Mexico is one of the world's leading oil producers; it currently ranks tenth worldwide and first in the Latin American and Caribbean region. However, in the last 10 years, oil production has fallen by almost a million barrels a day. Declines in Crude oil exports have led ...

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Local Content – Minerals Commission

Ensure Ghanaians are employed and trained to work in the mining industry and rise to become part of the highest decision makers; These two aspects, (Human Resource and Goods & Services) of Ghana's local content framework are supported by the Minerals and Mining …

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Amendments to Tanzania's Mining (local Content) Regulations

The changes to Tanzania's Mining Act in 2017, supplemented by the Mining (Local Content) Regulations, 2018 (Local Content Regulations), introduced a new local content regime for Tanzanian mines and their contractors/ suppliers and other allied entities (Stakeholders).. This regime requires, among other things, that Stakeholders must maintain minimum levels of Tanzanian employees, use ...

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MINING LOCAL CONTENT REGULATIONS AMENDMENTS, 2019 …

The recently appointed minister Hon. Dotto Biseko has issued the Mining (Local Content) (Amendments) Regulations 2019 that are to be read together with the Mining (Local Content) Regulations 2018. These amendments is a strategic move to boost the mining industry …

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Local content in the Tanzanian mining sector

Local content in the Tanzanian mining sector. Bergen: Chr. Michelsen Institute (CMI Brief vol. 15 no. 3) 4 p. This brief examines the factors that have influenced local content in the Tanzanian mining sector, and some of the challenges and successes of local content initiatives in mining. Local content has gradually gained momentum over the ...

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THE LOCAL CONTENT REGULATIONS APPLICABLE TO THE MINING …

Local Content Regulations applicable to the mining and natural resources sector in Tanzania. The salient feature of the Regulations and compliance with the WTO rule: 1. Indigenous Tanzanian companies are to be preferred when granting a license into the mining and natural resources sector.

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Mining local content rules being reviewed - The ...

Read: Government to develop new local content law for mining industry. According to the Ministry, the review of the existing local content law has become imperative in the sense that even though the current Minerals and Mining Regulations, 2012 (Legislative Instrument 2173) specify certain aspects of local content, including local procurement of mining inputs and local employment …

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Mining in Tanzania: Effects of the mining legal framework ...

Local content has always been an integral part of the mining industry; however, historically the main aspect of local content in mining laws pertained to the employment and training of locals 5 as well as having a succession plan in place, which was to ensure that there was a clear strategy for the transfer of knowledge and preparing Tanzanians ...

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Local Content Policies in the Mining Sector: Scaling up ...

Local Content Policies in the Mining Sector: Scaling up local procurement 1.0 INTRODUCTION In a large number of resource-rich countries, the mining sector is an important driver of growth, in particular during commodity boom periods. This is a result of large investment inflows and revenue generation essentially driven by exports.

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Mining in Tanzania: Effects of the mining legal framework ...

Local content has always been an integral part of the mining industry; however, historically the main aspect of local content in mining laws pertained to …

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The NEW Tanzania Mining Law, Local Content Policy & Tax ...

The Mining (Local Content) Regulations of 2018 are now in effect. According to this regulation a contractor, sub-contractor, licensee (mining company) or other allied entity shall maintain a bank account with an indigenous Tanzanian bank and transact business through banks in the country.

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Overview of Local Content Regulatory Frameworks in ...

UNCTAD commissioned an overview of local content regulatory frameworks in selected ECCAS countries in the oil, gas and mining sector as part of United Nations Development Account Project 1415P: "Strengthening the capacity of the Economic Community of Central African States to enhance development linkages".

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Local Content in Oil, Gas, and Mining - World Bank

Local Content in Oil, Gas, and Mining. LOCAL CONTENT POLICIES: Aim to leverage the extractive value chain to generate sustained and inclusive growth through economic diversification and employment opportunities. Generate opportunities for regional integration and international trade and can gradually reduce countries' dependence on external aid.

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Local content

2 General legislation with provisions that relate to local content (for example, tax laws with incentives for local procurement or employment in any industry), was not included in the review. The review included dedicated mining or petroleum sector or specific local content legislation, regulations, policy …

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Local content - ccsi.columbia.edu

2 General legislation with provisions that relate to local content (for example, tax laws with incentives for local procurement or employment in any industry), was not included in the review. The review included dedicated mining or petroleum sector or specific local content legislation, regulations, policy …

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The emerging wave of local content regulations in the ...

It is yet unclear whether the mining sector will experience the same issues as the oil and gas sector as local content regulation develops. Recent DRC regulations are an instructive example of how reality and regulation may diverge in the mineral space.

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(PDF) Energy Reform and Local Content in Mexico: Effects ...

analyzes the future effect of the changes in the hydrocarbon sector on the mining sector, with emphasis on existing and potential linkages between the two sectors s temming from local content ...

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Insight: Local content law in Mozambique - FurtherAfrica

Mining Sector The mining sector is regulated by the Mining Law and the Mining Law Regulation. Both these diplomas mention some local content dispositions, such as: The acquisition of goods and services in the minimum amount of 15,000,000 MT (which roughly corresponds to 900,000.00 USD), must be executed through public tender.

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Is Ghana Ready for More Local Content?

•Motivation for the application of distinct local content policies in several sectors of the Ghanaian economy •However local content application in the oil and gas sector has not been without issues. Local content requirements in the mining sector of Ghana also have not yielded optimal results •Issues in the oil and gas sector include:

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Mining sector reform in Tanzania - the good, the bad and ...

The most recent amendments to Tanzania's mining sector include four key regulatory changes enacted in February 2019, all relating to the country's Local Content Regulations. The Local Content Regulations follow the amendments of the Mining Act, 2010 through the Written Laws (Miscellaneous Amendments) Act, 2017, which introduced the local ...

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Local content in the oil, gas and mining sectors ...

Local content in the oil, gas and mining sectors: ... content legislation and regulations outlining local content requirements. OGM companies can also commit to certain ... 2011). The impact on the local economy is also restricted when goods supplied to resources companies are merely imported, repackaged and resold by local firms (WBCSD, 2012). ...

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Local Content: Are There Benefits for Tanzania? - Oxford ...

This chapter documents this legislation and the institutions set up to enforce and monitor these laws. Effectiveness of local content legislation and the potential for firms in the mining sector to contribute to local development are then evaluated using a combination of qualitative and quantitative evidence.

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Insight: Local content law in Mozambique | Legal MCA

Mining Sector. The mining sector is regulated by the Mining Law and the Mining Law Regulation. Both these diplomas mention some local content dispositions, such as: The acquisition of goods and services in the minimum amount of 15,000,000 MT (which roughly corresponds to 900,000.00 USD), must be executed through public tender.

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Local Procurement Regulations for Extractive Industries in ...

local procurement by the extractive industry, with examples from around the world, is included in the IGF's Local Content Policies in the Mining Sector: Scaling Up Local Procurement.2 With few exceptions, supply-side policies are not covered here unless they impose permanent requirements on governments. For example, Decree 86 of the Petroleum

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Local Content Participation Compressed - Ghana Chamber of ...

MINERALS AND MINING (LOCAL CONTENT AND LOCAL PARTICIPATION) REGULATIONS, 2020 IN exercise of the power conferred on the Minister responsible for Mines under section 110 of the Minerals and Mining Act, 2006 (Act 703), these Regulations are made this 15th day of October, 2020. Preliminary Provisions Purpose of Regulations I.

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Impact Of The Amendments To The Mining Local Content ...

On 8 February 2019, the Mining (Local Content) (Amendment) Regulations, 2019 (the Amendment Regulations) were passed, which amend the Mining (Local Content) Regulations, 2018 (the Regulations). The Amendment Regulations amend the Regulations in a number of ways, but in particular there is one significant change that affects the banking sector.

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