Ronald Toito'ona’s Post

The Real Cost of Mining in Solomon Islands

🌟 Breaking News! 🌟 Segilola Resources has resumed operations as a court nullifies the Osun State Government’s sealing of their facility. This decision paves the way for continued gold mining activities, reinforcing the importance of regulatory compliance and legal clarity in Nigeria’s mining sector. ⚖️⚒️ Stay tuned for more updates as Nigeria’s mining industry continues to evolve. 🔗 Read more: https://lnkd.in/djpAXNnY #MiningNews #NigeriaMining #GoldMining #SegilolaResources

A new agreement between the Nisga’a Nation and Vega Mining Inc will help unite Indigenous groups across Canada’s natural resource and Indigenous business sectors. Vega Mining will acquire from the Nisga’a Nation the rights to five annual benefit payment entitlements (royalties) in Benefit Agreements the Nisga’a Nation has in place in respect of mines and projects within the Golden Triangle Area located in Northwest BC, in exchange for common shares in the capital of Vega Mining. Once the transaction is complete, Vega Mining will be renamed “Nations Royalty Corp.” and is set to become Canada's largest majority Indigenous-owned public company, poised to be a significant player in the mining royalty sector.    Eva Clayton, President of Nisga'a Lisims Government, stated: “Our people have a history of leadership and innovation, from significant legal victories to the first Modern Treaty in British Columbia. Today, we embark on this new venture with Indigenous groups and leaders from the mining industry to promote cooperation and progress, ushering in a new era in Indigenous business, as well as Canada's mining and natural resources sector.”   “Over the past 30 years, most new mines in Canada have royalties included in Benefit/Collaborative Agreements, a majority of which have been through Canada’s rigorous permitting processes, which involves consultation with and consent from Indigenous Peoples... Nations Royalty will create a unique opportunity for economic reconciliation and increased transparency in the mining industry. A core focus of the Company is to build capacity for Indigenous people in the management of public companies and capital markets, which we hope will result in the creation of additional Indigenous economic ventures,” Frank Giustra, Strategic Advisor to Nations Royalty.   For full details: https://lnkd.in/g4JwXTVZ   #firstnations #economicreconciliation #naturalresources #equity https://lnkd.in/gdKhNxiA

How to bring the chaotic and insanity in the Mining Sector to a logical Conclusion - Part One

Our thoughts on the current state of the SA mining industry #mining#businessday 

🌍 Important Update from Nigeria’s Mining Sector! 🌍 Segilola Resources continues its gold mining operations in Nigeria, even as a government panel, led by Dr. Dele Alake, Minister of Solid Minerals, investigates concerns related to the project. This probe aims to ensure regulatory compliance, transparency, and the best practices in the sector. The Segilola Gold Mine, operated by Thor Explorations Ltd, plays a critical role in Nigeria’s burgeoning mining industry, and this step marks a commitment to sustainable and responsible mining practices. ⚒️✨ We look forward to seeing how this development will shape the future of mining in Nigeria! 🔗 Learn more: https://lnkd.in/daF8w_Dr #MiningNews #NigeriaMining #SegilolaGoldMine #GoldMining #SustainableMining #IndustryUpdate

Discover the latest developments in the Philippine mining industry as we delve into the proposed fiscal regime. Highlighting how these changes could impact investments, operations, and regulatory compliance. Gain a deeper understanding of the implications for stakeholders and the overall landscape of the mining industry. Don’t miss out on this essential analysis that could shape the future of mining in the Philippines! Read more in the article linked below. #AboLawFirm #LegalService #MiningIndustry #FiscalRegime #LegalInsights #PhilippinesMining

💡 We are extremely proud of Maloba Nalomba for providing valuable insights on the Minerals Regulation Commission Bill in Mining Weekly. Read the article here: https://lnkd.in/dS4QgUVN #MayandCompany #MiningLaw

AS the Marcos administration steps up the revitalization of the mining sector to take advantage of the increasing global demand for energy transition metals, the government is looking at having mining drive green technology and high-quality job growth.

OK Tedi Mining Limited (OTML) is set to celebrate its 40th anniversary, marking four decades of resilience and excellence in Papua New Guinea’s mining industry. Starting in August 1984 as a gold mining operation under Broken Hill Property Limited (BHP), OTML transitioned to a copper-gold mine in 1987. Since 2015, OTML has been fully 100 percent PNG-owned. The journey of OTML has been marked by both challenges and triumphs. Throughout its history, the company has demonstrated remarkable resilience in the face of adversity, navigating significant issues such as: Two major droughts in 1997 and 2015 The volatility of global gold and copper prices Legacy issues related to its operational impact on the Ok Tedi and Fly River systems, as well as the communities that depend on them. Despite these challenges, OTML has successfully provided substantial economic and social benefits to Western Province and Papua New Guinea over the last 40 years, including: K13.4 billion in dividends K1.4 billion in royalties K10.2 billion in taxes and duties K1.6 billion in compensation K1 billion in CMCA payments K664 million in tax credit scheme projects K146 million invested in education and training for graduates, apprentices, trade trainees, and school and university scholarships Implementation of world-class operational and environmental mitigation and monitoring measures. Looking ahead, OTML remains optimistic about continuing its operations for another 40 years. This optimism is evident in the renewal of its Special Mine Lease (SML) until 2042 and the Company Board’s in-principle agreement to extend the mine’s life to 2050. A series of events will be held in November to commemorate the 40th anniversary celebrations. These festivities will not only honor the past but also focus on a bright and optimistic future. #News