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The drive for responsible mining is increasingly being entrenched in the mineral sector with the market being sensitized to the human rights, social and environmental issues surrounding extractive...
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International Journal of Advanced Legal Studies and Governance, Vol. 4, No. 3, December 2013. ISSN: 2141-6710
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🇿🇦 The Impact Catalyst in South Africa is an important and innovative example of a development initiative that started as an idea in the minds of a group of like-minded people facing similar ...
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Indeed, the indigenization of diamond mining industry has been interpreted by Chinese analysts as the government's "nationalization" of the diamond mines. The two Chinese diamond companies, Anjin...
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Jan 13, 2022INDEPENDENCE INDIGENIZATION PROJECT IN THE MINING SECTOR BY SIZO NKALA 210550713 A Thesis Submitted in Fulfillment of the Academic Requirements for the Degree of Doctor of Philosophy (Ph.D.) in Political Science, University of KwaZulu-Natal, Pietermaritzburg, South Africa. SUPERVISOR: DR KHONDLO MTSHALI MAY 2019
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Zimbabwe's mining sector has continued to be the lead in economic performance, contributing an estimated 16% to GDP in 2012, up from 13% in 2011. The sector also continued to lead in export...
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The report of the South African President's Advisory Panel on Land Reform and Agriculture was released to the public on 28 July 2019 and is being reviewed by the cabinet. The important question is whether this report offers a vision and recommendations that can address the land issue in South Africa. Aug 23, 2019 BY Seth Donnelly and Judith ...
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The announcement impacts all foreign mining concerns which had failed to comply with the 2011 deadline to have majority black ownership - part of a series of black empowerment and indigenization laws.
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Introduction. Africa is on the verge of an unprecedented mining boom. This boom is attracting tens of billions of dollars in foreign investment (Janneh & Ping 2011; Zhang 2011) and will result in substantial economic growth and development, but it also carries big risks for African societies and the environment.Here we highlight potential environmental threats posed by the rapid escalation of ...
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european powers adopted a policy of indirect rule, which (1) relied on the use of "traditional" african leadership to maintain order, which was also understood by europeans, according to historian leroy vail, to be "markedly less expensive than the employment of expensive european officials," and (2) was rooted in the belief that "africans were .
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mining trades. It was the British "front" in Nigeria. Nigerian cash crops existed for the Brit-ish to export to Britain. The pattern of remote control by foreign companies is identical, See Adedeji, Historical and Theoretical Background, in INDIGENIZATION OF AFRICAN ECoNO-MIEs 29 (A. Adedeji ed. 1981).
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impact on the local supply chain. Some firms moved away from manufacturing to ... interest in linking the indigenization agenda to increasing mining local content, even if ... The South African mining inputs cluster, mainly located in Gauteng, is a well-established regional supply hub for Southern Africa (Fessehaie 2015). ...
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Indigenization is the act of making something more native; transformation of some service, idea, etc. to suit a local culture, especially through the use of more indigenous people in public administration, employment, etc.. The term is primarily used by anthropologists to describe what happens when locals take something from the outside and make it their own (e.g. Africanization, Americanization).
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Feb 22, 2022We discovered that mining caused extensive environmental destruction, creating artificial hills and open pits as well as promoting massive soil erosion, contaminating water and land with dangerous...
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khartoum — the statement of the minister of industry on the performance of the ministry for the year 2016, its plan for the year 2017 and the report of the first quarter of the year 2017 pointed to...
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Veronica Ngure, an environmental health scientist and a lecturer at Kenya's Laikipia University, who has done research at the Macalder gold mines in western Kenya, says abandoned mining' tailings - what remains after gold extraction - have major health implications such as retarded growth and brain development of children exposed to lead.
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indigenous investors: INDIGENIZATION. The two are not mutually exclusive and a good combination of the two has always been attained in some countries. More often however the policy accent of particular regi mes has been on one of the two strategies. Lecturer, Department of Political Science, University of Ghana, LEGON - 64 Africa Development 3.
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Likewise, local content provisions have failed to produce the desired spill-over effects primarily due to lack of institutional capacity to enforce the provisions. Furthermore, despite the indigenization requirements in modern mining statutes, the African mining industry remains dominated by foreign companies. Previous Chapter Next Chapter
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states in 200. Zimbabwe's Indigenization and Economic Empowerment law limits the amount. Air trafï¬ c safety. Description The law will give Zimbabweans the right to take over and control many foreign-owned companies in Zimbabwe Specifically over 51 per cent of all the businesses in the country will be transferred into local African hands.
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May 16, 2021By Obey Manayiti and Sophie Cullis The current state of affairs in Zimbabwe's mining sector can aptly be attributed to the law of unintended consequences. The law of unintended consequences has ...
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Dec 1, 2021Since 2018 Zimbabwe has re-focused its attention on maximising the mining industry's potential, thus re-structuring its policies and regulatory framework to improve investment and productivity. The mining regulatory framework in Zimbabwe is relatively straightforward. Mineral rights are vested in the President, who primarily administers these ...
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Mining no longer dominates the South African economy • Mining's contribution to the national GDP has fallen from 21% in 1970 to 5.2% in 2013. • It still represents almost 60% of exports, however. • In Zimbabwe, only the platinum and the diamond sectors are in a slightly better position and all the other sectors are in intensive care.
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Whilst government has vigorously pursued the indigenization agenda since 2007, particularly in the extractive sector, the empowerment drive has left out the artisanal mining sector whose activities continue to be criminalized. However, true indigenization should empower the poor and vulnerable groups of society such as the artisanal mining sector.
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The Journal of Pan African Studies, vol.3, , September 2009. An analysis of the above ideas as given by Fanon, Said and Boehmer highlights the fact that postcolonial theory is largely a response by the formerly colonised to their being treated as the inferior other. What is also clear about this theory is that it evolves around identity and
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Sep 15, 2018· An assessment of the impact of Zimbabwe's mining policy . An assessment of the impact of Zimbabwe's mining policy, legislative and institutional framework on acquisition and oversight of diamond mining rights. ... compliance with the Indigenization and Economic Policy should be through ensuring that the local content retained in ...
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according to united nations economic commission for africa ( 2011 ), displacement and forced eviction or re-location are common features of mining operations and mining activities, including waste disposal sites, compete for space with other land uses such as farming, which can easily become a source of tension among the mine, farmers, and local .
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From December 2007 to January 2009, Zimbabwe experienced a devastating hyperinflation, which eventually rose to 231 million per cent in July 2008 - the last official figure. Such a high monthly devaluation translates into an average price increase of 11.1 percent per day. In response, the government tried to impose price maintenance.
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924 70 0 0:30 Listen In line with the Malawi Government's policy on indigenization and thereby encourage local participation, MyBucks has concluded the sale of 49% shareholding in MyBucks bank to a local entity Mpatsa Trust. This sale will be subject to the Reserve Bank of Malawi approval.
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This paper reviews the impact of illegal mining on water resources for irrigation and domestic application in Ghana. It was carried out by reviewing literature and media information as well as interviews and observation of small scale mining activities in mining communities especially illegal mining popularly called galamsey in Ghana. It was observed during the process that the mining ...
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Finance Minister Mthuli Ncube announced Zimbabwe's most significant new regulatory change during a March 6 interview with Bloomberg: The country will lift its so-called "indigenization rule" for mining operations in the diamond and platinum group metals sector. The rule is a legacy from the Mugabe-era Indigenisation and Economic Empowerment Act ...
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Technology implementation in the mining sector. AI and machine learning, satellite and imaging, as well as driver-less cars, AR and VR (+27) 010 865 0161. ... As one of the most prominent mining areas in the world, South Africa is home to many examples of cutting-edge mining technology.
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The Indigenization and Empowerment Act was amended in December 2018 to its current form where the 51/49 shareholding structure is compulsory in Diamond and Platinum mining only. The positive impact...
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Bhatasara (2013) concluded that the sustainability of livelihoods and ontologies (nature and properties of the social world), are under threat due to mining land acquisitions where black granite...
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Mar 15, 20225.1 Disconnect between mining revenues and the value of minerals 5.2 Abuse of the fiscal regimes through tax-avoidance schemes 5.3 Revenue costs of the generous fiscal regimes 5.4 Lack of institutional capacity to implement royalty and tax regimes 6 Anti-tax-avoidance rules 6.1 Suspicious and fictitious transactions 6.2 The arm's-length standard
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Resource nationalism, an act through which governments exercise a greater control over the assets from the mining companies has been known to pose significant threat to miners. A leading research firm rated resource nationalism as the biggest business risk for mining companies for the year 2012-2013.
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In Africa, the United Nations Economic Commission for Africa noted that a number of socio-economic impacts of mining in Africa such as, displacement of populations and resulting ... Doroh, B. (2012). Indigenization and benefits in the Mining sector in Zimbabwe: Participation of Locals and Protection of Investor Rights. Policy Monographs 5 ...
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Aug 25, 2021Prospect hunts for long-term funding partner. LACK of public access to relevant and accurate extractives (mining, oil and gas) information remains a major issue for Zimbabwe. Since the decline of the agricultural sector, mining emerged as the leading sector for economic revival. In 2012 mineral exports accounted for 64% of total exports.
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Nov 11, 2020This book analyzes the legal and fiscal frameworks for hard-rock mining in several African countries including Botswana, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Namibia,...
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advantages and disadvantages of nationalization 1. For strategic reasons: This is usually the case when there is war or when the government is trying to regulate the economy.
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To put it in very basic terms, Zimbabwe's indigenisation law requires all foreign companies with a minimum asset-value of at least $500,000 to give up 51% of their ownership to indigenous ...
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