As a mining investor, it is wise to understand what is expected of you in your host government’s investment. The mining tenement system is some obligation a contractor must comply with to conduct a mining exploration and mining operations. The mining operations work under a license or permit that gives the companies the authority to access certain areas for their exploration activities. Getting the permit allows the company to carry out all the mining activities following the mining tenement system policies and procedures.
What is Tenement Management
The permit to mining carries complete conformity with the mining process laid down by the state authority. The rules cover everything from the administrative requirements of the mining operations to the actual field activity. That is to say; the tenement system ascertains that all actions are under strict environmental rules; therefore, there are no activities that put others and the environment in danger. The system also gives credit to people’s traditional values, sentiments, and land when carried out.
The mining exploration projects
The mining systems follow the systematic research methods, exploration, and finding the minerals in the mines. For a mining exploration that covers minerals, prospecting is mandatory and is always valid for one year. It is also a requirement to apply and obtain an exploration permit with a five-year validity whenever a company is undertaking an exploration activity. Like the prospecting and exploration activities, other mining operations also follows the mining system policy.
Mining Tenement rules
All mining companies need to understand and work according to the system and practices of the mining tenement. Failure of the mining or exploring company to comply with the mining laws may attract penalties as well it may result in the annulment of the mining license. From the use of drills to site operations and maintenance, all mining activities all follow the complete mining process to ensure everyone’s security and safety, including the surrounding environment. One can learn more about the requirements of the mining tenement office. Online platforms are also available for the contractors to learn more about the process and apply for the permit.
Conclusion
The failure to follow and comply with the mining tenement plans will make it illegal for the company to pursue the mining projects. Therefore, for any mining activity, understanding the mining system, obtaining the permit, and following the process according to the system’s rules and procedures is the first thing the company should do before beginning its operations.
