The new Acts only distinguish between "metallic minerals" and "minerals" in a few isolated occasions.
The new Acts do not change the definition of "minerals" under the Mining Act 2010, which is:
“mineral” means any substance, whether in solid, liquid or gaseous form, occurring naturally in or on the earth, or in or under the seabed formed by or subject to a geological process, but does not include petroleum or surface water;
The Mining Act 2010 also defines "metallic minerals":
“metallic minerals” means a group of minerals comprising of gold, silve, copper, iron, nickel, cobalt, tin, tungsten, zinc,chromium, manganese, titanium, aluminium, platinum group of metals and other metallic minerals;
I suggest that you review the new Acts. They are very clear about what sections apply to "minerals" and which provisions apply to "metallic minerals".
I am familiar with legal advice from top tier law firms. I note the omission in the announcement of a description of the risks and uncertainty that has been identified to the company.
I would be cautious about taking the position that "everything is awesome" or that it "doesn't apply" - particularly given the absence of Regulations that will be prepared by the same Einsteins that came up with the new Bills.
- Forums
- ASX - By Stock
- Ann: TANZANIAN LEGISLATIVE CHANGES
The new Acts only distinguish between "metallic minerals" and...
-
- There are more pages in this discussion • 107 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EGR (ASX) to my watchlist
|
|||||
Last
9.7¢ |
Change
0.002(2.11%) |
Mkt cap ! $44.04M |
Open | High | Low | Value | Volume |
9.8¢ | 9.8¢ | 9.7¢ | $2.152K | 22.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 45000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.096 |
2 | 90709 | 0.095 |
1 | 10000 | 0.094 |
1 | 8000 | 0.093 |
1 | 19691 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.098 | 45000 | 2 |
0.099 | 3703 | 1 |
0.100 | 7000 | 1 |
0.105 | 8000 | 1 |
0.110 | 8000 | 1 |
Last trade - 15.42pm 06/09/2024 (20 minute delay) ? |
Featured News
EGR (ASX) Chart |