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Bakkie Contracts In The Mining Industries

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In contrast to production sharing contracts (PSCs) commonly seen in the oil and gas industry, in a MEDA the investor is granted an exclusive right to exploit within a defined area (generally known as the contract area ) and to process, market and sell any minerals it successfully extracts; in return, it

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1 South African mining companies have used contractors and other forms of atypical employment to complement their current labour models for a number of years This kind of employment, particularly the use of contractors, has historically been viewed as a more flexible, more highly skilled and more cost-effective alternative to permanent labour

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Moving 11 million tons of waste rock With more than six decades of experience, Ledcor’s mining team has been one of the key building blocks of our organization We have built relationships with some of the largest mining companies in the world – some for over 20 years and counting – by ensuring client satisfaction and by building a reputation

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allow mining companies to continue exporting certain types of concentrates provided that those mining companies paid export levies up to January 2017 (the end of the three-year transition period) and committed to building or supporting the development of processing/refining facilities in Indonesia

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In some instances, the contracts are very narrow, covering only the locations in question and duration of the mining investment, and any specific financial issues related to the project In other cases, the contract can become a fully contained code for that investment, replacing all other sources of domestic law

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and surface coal mining contracts at Collinsville, Burton Downs, Soutl1 Walker Creek and Mt Owen There are now several other surface mines using contract mining in the Hunter Valle:f and in Queensland In most cases, the mining companies have achieved significant productivity gains and cost reductions

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in the mining industry International Financial Reporting Standards 6th edition International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an issues that are unique to the mining industry

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Contract Mining Agreement is a contract signed between the mine owner and contract miner through which the owner engages a second party to work in his mine and both parties agree on some terms and conditions including the right to work in the mine for a specific time period and the amount to pay

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