Mar 24, 2017 Since the liberalisation of the mining sector in the 1990s, the industry has witnessed strong resurgence, partly due to the implementation of investor-friendly policies. Local content requirements around ownership, contracting and labour usage are notably less stringent than in some neighbouring jurisdictions such as South Africa or Zimbabwe.
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the effects of local content regulation on mining ... Home Mining Mill the effects of local content regulation on mining iindustry of ... Newmont Mining, Ghana ... the mining industry and regulatory framework in the ...
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Oct 29, 2020 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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18 rows Oct 29, 2020 The emerging wave of local content regulations in the African mining sector. Out-Law Analysis 29 Oct 2020 116 pm 31 min. read. As the deepest decade-long correction in commodities in 100 years reverses momentum, and miners look to re-invest, governments are likely to be torn between a legitimate desire to maintain effective sovereignty over their natural resources and the need to attract investment to economies scarred by the impact
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1 Local content in the Oil and Gas Sector, World Bank Studies, 2013 and Increasing Local Content by the Mining Industry in West Africa World Bank, 2012 2 For example, annual procurement of supplies by the oil, gas and mining sectors in Sub-Saharan Africa run to the
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Jan 15, 2020 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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Mar 04, 2019 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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Jan 01, 2016 Provision Kenya Nigeria Zambia Uganda South Africa Applicable lawregulation to local content. When did this law come into force The Petroleum Exploration, Development amp Production Bill 2014 the Bill not yet enacted into law which contains the Petroleum, Exploration Development and Production Local Content Regulations, 2014 the Regulations The Regulations
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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 procurement by the extractive industry, with examples from around the world, is included in the IGFs 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 Policies In Minerals-Exporting Countries The Case of South Africa Introduction The mining industry has been a driving force of the South African economy for the last 150 years. Since the discovery of diamonds in 1867 and subsequently of gold, the mineral sector has
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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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Aug 21, 2020 In Africa, over the last decade in particular, there has been a common trend towards state interventions aimed at promoting such linkages. Extractive industry local procurement is addressed in legislation and regulations by virtually all of the countries in the SADC region that have some level of mining or petroleum activity.
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Oct 30, 2018 Local mining products. The eight products identified are lime, grinding media, HDPE and PVC pipes, cement and cement products, tyres and retreading, general and specific lubricants, explosives and caustic soda. Regulations have been introduced to promote local content. The key one is that local suppliers of goods and services with the ...
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Local Content Regulation as a Differentiator for Inward Investment in Africa The Case of Sierra Leone Summary 3 pages A Changed Context for Local Content With the current downturn in the global markets for oil, gas and minerals, and slower global growth more generally, the role of Local Content regulation needs to be re-thought.
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Aug 24, 2020 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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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
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Oct 02, 2018 Mineral extraction and revenues in Tanzania have made very little positive impact on the lives of most Tanzanians. The government of the United Republic of Tanzania has taken the honourable and bold initiative through the enactment of the Local Content Regulations GN 3 of 2018.
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PREFERENTIAL PROCUREMENT REGULATIONS 2017 ON LOCAL CONTENT Regulation 81 empowers the dtito designate specific industriessectors, where only locallymanufactured ... Dept of Trade amp Industry amp SABS Local Content databases, 2018. 18 LOCAL CONTENT VERIFICATION CONDUCTED ... SA HealthLatex South Africa was established as a result of the ...
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Aug 21, 2018 In the mining legislation, the Article 19 of the Mining Law Regulation approved by Decree 312015 of December, 31 establishes local content requirements, which are summarized in the following Preference for Mozambican products and services holders and contractors must give preference to local goods and services Mozambican, provided ...
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the effectiveness of regulations, policies, and schemes for monitoring and measuring local content ... The only missing link that hindered the expected impact of past measures taken to boost local production sectors has been the glaring absence of a well- ... framework for the development of local content in the oil, gas and mining sector. To ...
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A SURVEY OF THE LITERATURE ON LOCAL CONTENT POLICIES IN THE OIL AND GAS INDUSTRY IN EAST AFRICA Chilenye Nwapi SUMMARY Although oil and gas exploration has been going on in East Africa for decades, until recently exploration activities grew more slowly compared to other regions in Africa.
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Feb 20, 2020 The Local Content Regulations follow the amendments of the Mining Act, 2010 through the Written Laws Miscellaneous Amendments Act, 2017, which introduced the local content requirements. Local content regulations now require that at least 20 of a mining company operating in Tanzania must be owned by Tanzanian citizens, down from 51 ...
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acknowledging the LEX AFRICA Guide to Mining in Africa 2019, as the source. The contents of this publication are intended for general information only and are not intended to serve as legal, financial or any other advice. While all steps have been taken to ensure the accuracy of information, LEX AFRICA shall not be liable
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ii Because of the way the industry has evolved, as well as the need for consistency of policy and practice across provincial and local boundaries, there should be minimal devolution of authority to separate provincial or lower level bodies. Such bodies should not be empowered to create laws or regulations which impact on mining.
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Jul 01, 2019 The mining industry, in particular, was seen as a culprit or even an architect to apartheid policies. 5 Consequently, in post-apartheid South Africa, there was a call for mining companies to repay the injustices of the past and a strong push for formal regulation to ensure social and economic protections from business, rather than just informal ...
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Procurement Finance Act, among others. Local Content is an initiative of the Department of Trade and Industry the dti. The Local Content initiative was first introduced in the Preferential Procurement Framework Act in 2011, with an amendment that made provision for the dti to designate certain sectors
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Local content and procurement processes Road map to developing local content policies 1. Local content definition In the context of the extractives sector the World anks oil, gas and mining unit defines local content as the share of employmentor of sales to the sectorlocally supplied at each stage of the supply chain.
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At independence in 1964, Zambia inherited an economy driven by copper mining. This has not changed despite post-independence policies to industrialize and diversify the economy. This chapter traces the role of local content in Zambias mining sector in supporting industrialization and economic diversification. It assesses productive linkages and manufacturing competitiveness during the ...
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Doing Business in Africa A Risks, Trends, and Opportunities Roundtable. Session II. Domestic risks to Africas growth Navigating local content regulation and taxation. Editors note ...
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The main focus of developing a Local Content framework for Ghanas mining industry is to create local employment and to promote growth of domestic manufacturing. These two aspects, Human Resource and Goods amp Services of Ghanas local content framework are supported by the Minerals and Mining Act, 2006 Act 703 and L.I. 2173, 2012.
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Aug 11, 2020 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
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Jan 27, 2016 Supporting local employment and a competitive and sustainable local industry goes well beyond the remit of the corporate social responsibility agenda, requiring industry-wide collaboration and multi-stakeholders involvement. But private sector led initiatives need to be grounded in the overall local content strategy of the government.
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2.2 The negative impacts of local content interventions on resource-affected communities There are a number of local content-related triggers leading to adverse consequences. For instance, setting inappropriate key performance indicators KPIs and targets for local content
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Local content requirements in the mining sector of Ghana also have not yielded optimal results Issues in the oil and gas sector include Inadequate local capacity skills and expertise. Focus on content levels rather than the development of capabilities. Fronting. Inadequate monitoring and evaluation.
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