A mining company may derive income from mining operations and non-mining operations. Different rules and tax rates are applied according to the nature of such income. Differences also apply according to whether the mining income is derived from gold or other operations. b) Deduction of expenditure. A mining company incurs a wide range of ...
introduced through legislation and policies as tools that mining companies should utilize to ensure that hazards to the environment are reduced in mining operations (Wahaab, 2003). The EMP's purpose is to ensure that the environment is rehabilitated and sustainable in the sense that it perpetually continues to be beneficial and
— An EMS, which is the component of the overall management system that includes organizational procedures, environmental responsibilities, and processes, can help a mining company comply with environmental regulations, identify technical and economic benefits, and ensure that corporate environmental policies are adopted and followed.
— Despite its contributions to the development of the country, the mining sector in Sierra Leone, has been attributed to a multitude of impacts on the environment. This article focuses on assessing the environmental impacts of mining in mining edge communities in Sierra Leone. A survey of 360 people from three mining edge communities (Sierra Rutile …
— Mine exploration, construction, operation, and maintenance may result in land-use change, leading to deforestation, erosion, contamination and alteration of soil profiles, contamination of local …
Our ambition . Our vision is to contribute towards global efforts to halt and reverse nature loss and collective goals on water security, environmental resilience, business resilience and social value. 1 Our 2030 Healthy …
— The Ernst & Young (EY) Top 10 business risks and opportunities for mining and metals detailed for 2022 (Ernst and Young, 2021) suggests that the top three risks facing mining companies in 2022 will all be ESG related.Based on the EY survey of approximately 200 global mining executives, the results in Fig. 1 show that …
Apply appropriate methods to protect the environment and local communities throughout the full mine life cycle. Use energy and other natural resources as efficiently as practicably possible.
— This chapter examines the relationship between the mining sector and environmental regulation, particularly whether stricter national environmental policies lead to increased environmental innovation in the …
ENVIRONMENTAL POLICY Harmony is a global gold mining company with predominantly underground operations in South Africa but with a growing exploration, project and operational portfolio in Papua New Guinea. By the very nature of our business we impact on the environment yet we aspire to leave a net positive legacy wherever we operate. …
— Global mining studies rely largely on data contained in company reports. Compilations exist, such as the S&P Capital IQ Pro database, which is the basis of nearly all worldwide assessments ...
— The leakage of chemicals from mining sites can also have detrimental effects on the health of the population living at or around the mining site. In some countries, mining companies are expected to …
Visit the website to know more about our environmental policy. At Tata Steel, the responsibility is to excel in all areas whilst being a Global Benchmark in Value Creation and Corporate Citizenship. Visit the website to know more about our environmental policy. ... Amalgamation of S & T Mining Company Limited into and with Tata Steel Limited;
— Department of Geography and Center for Energy and Environmental Policy, University of Delaware, DE 19716, USA. Google Scholar. Find this author on PubMed . Search for more papers by this author . and . ... Initiating dialogue between mining companies, policy-makers and conservation organizations is urgent, given the suite of …
Discover a wide range of company and business-related Rio Tinto documents in PDF form. These documents relate to policies and standards of Rio Tinto. Learn more about the world's leading mining operations …
— A multi-methods research approach is used to investigate the hypothesis that it is possible to deliver more sustainable outcomes than those offered by traditional engagement and corporate social responsibility (CSR) strategies if mining companies employ policies and practices that resolve problems shared by both company and …
This research work examined the ore extraction and mining operations of the three (3) largest Mining companies in Palawan, Philippines, and their effect on the environment and the people. ... mainly due to the country's weak environmental policies and the failure of the mine monitoring institutions, to supervise the operations of mining company ...
— In some countries, mining companies neglect the costs of compensation for environmental damages, which can sometimes result in the complete closure of the mine (Bakhtavar et al., ... Environmental policies and laws vary across countries due to various reasons, and these laws and policies can affect the environmental costs of mining …
— Executive Order (EO) No. 79, s.2012 (Institutionalizing and Implementing Reforms in the Philippine Mining Sector, Providing Policies and Guidelines to Ensure Environmental Protection and Responsible Mining in the Utilization of Mineral Resources) constituted the Mining Industry Coordinating Council (MICC), which is tasked with …
This handbook addresses the broad issue of biodiversity management for mining operations, including environment protection and conservation legislation, flora and fauna and environmental offsets. Mining often occurs in or near sensitive natural environments, so biodiversity protection needs to be a key part of the operation's
— Furthermore, mining companies primarily use CSR initiatives aligned with the SDGs, investing significant resources to create value, preserve, and occasionally change the favors of stakeholders due to financial market pressures and reputation concerns (Mzembe and Meaton, 2014).On the other hand, CSR activities can act as a means to …
— Consequently, mining companies abiding by CSR policies are bound to succeed. There has been a widespread strike in the South African mining industry in the last 20 years. ... The South African constitution is the Republic's supreme law, which provides a framework within which mining and environmental legislation must operate. The …
The adoption of corporate responsibility policies and processes at company level and via industry-wide initiatives has led to improvements throughout mineral supply chains. ... Often there are trade-offs between different environmental objectives. Open pit mining, for example, has lower energy requirements than underground mining, generally ...
— Firstly, there is a corporate income tax charged at the rate of 30% to companies conducting mining operations pursuant to the Income Tax Act. Secondly, there is a limitation on the deduction of losses to 50% of taxable income. Withholding tax on dividends declared by a company carrying out mining operations is charged at the rate …
Governments generally require companies to take specific steps at certain stages of a mining project to minimise or mitigate environmental degradation and facilitate ecological rehabilitation. During the initial stage, companies are usually required to conduct an environmental impact assessment (EIA) to identify the ecological impacts of their ...
A typical example is the Witwatersrand Basin where few mining companies remain from the genesis of mining all those decades ago and, in fact, many of these older mine sites have been abandoned. ... Providing guidance and strategic leadership on mine environmental management policy issues, mine environmental management, mine closure, carbon ...
— Such environmental policies may represent costly investments for mining companies as firms will need to allocate resources to pollution abatement rather than other productive investment. On the …
— He holds an A.A.S. in Aviation Maintenance Technology, a B.A. in History, and a M.S. in Environmental Policy & Management. Learn about our editorial policies 12:35 PM EDT
— However, despite the extensive proliferation of policies and programs aimed at addressing the adverse environmental impact of mining, limited attention has so far been paid to identifying what might constitute environmental policy best practices across Sub-Saharan Africa's gold mining sector.
Minerals and Mining Policy for South Africa October 1998 Pretoria Department of Minerals and Energy Private Bag X59 Pretoria 0001 Tel: (012) 317-9000 ... investment analysts, foreign-owned mining companies and environmental interest groups. In addition, written submissions were . received from several interested parties during the consultative ...
— The Democratic Republic of Congo supplied 56% of the world's cobalt in 2015, 72% in 2021, and is projected to supply 78% by 2030. 5 Yet, rather than increased prosperity for Congolese people, violence funded by foreign mining companies (in order to obtain these valuable Congolese natural resources as cheaply as possible) has claimed …
— According to the Global Mining Review report (2023), sustainable mining emerges as the optimal solution for fostering a more eco-friendly mining industry in the …
— The Kenyan Mining Policy 2016, new Kenyan Mining Act 2016 and Petroleum Act 2019 suggest various ways through which players in the mining industry (especially mining corporations) can develop ...
ESG (Environmental, Social, and Governance) in mining focuses on reducing environmental impact, improving social responsibility, and ensuring transparent governance. Mining companies must reduce carbon emissions, manage water usage, protect biodiversity, and engage with local communities.
— The mining industry has entered 2019 with a lot more certainty than in 2018. While 2018 was positive regarding efforts to bring about policy and regulatory certainty to the industry, more is still needed to create an investor friendly environment, which will ensure the long-term sustainability of the industry.
— Due to a lack of institutional capacity, local governments are often unequipped to enforce laws or combat illegal mining. This creates a low-risk environment that enables legal mining entities not to adhere to espoused ESG guidelines and encourages illegal mining activity (any such activity that takes place without receiving …
— The mining industry is at a tipping point where sustainability and decarbonization are top items on CEOs' agendas. To achieve a 1.5°C climate-change target by 2050, the mining industry will need to reduce direct CO 2 emissions to zero. Encouragingly, our analysis shows that solutions to decarbonize the majority of …
This progress has been driven by the actions of individual companies, government regulations and industry standards like MAC's Towards Sustainable Mining (TSM) initiative. One of TSM's central goals is to minimize mining's impact on the environment and biodiversity through all stages of the mining lifecycle, from exploration to mine closure.
The world's largest mining companies rub shoulders with miners who dig copper and cobalt by hand with little or no safety precautions (Sanderson, 2019). Small-scale mining is a double-edged sword for these local communities, providing employment but negatively affecting human health and the environment. Large-scale mining also
— Mining Laws and Regulations Canada 2025. ICLG - Mining Laws and Regulations - Canada Chapter covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights.
